KUALA LUMPUR: The High Court has deferred its decision in a lawsuit by SRC International Sdn Bhd against Datuk Seri Najib Razak and former SRC CEO Nik Faisal Ariff Kamil over breach of fiduciary duty. Justice Ahmad Fairuz Zainol Abidin said he would need time to deliberate on the submissions by the parties in the case. "The...
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah has failed in his bid to include six other individuals as third parties in the US$6.59bil (RM28.5bil) lawsuit filed against him by 1MDB. High Court Commissioner Raja Ahmad Mohzanuddin Shah Raja Mohzan granted the application of the six individuals to dismiss the...
KUALA LUMPUR: The board of directors at SRC International Sdn Bhd was appointed to execute the wishes of the company's shareholder, Datuk Seri Najib Razak, the High Court was told. SRC International's former director Tan Sri Ismee Ismail, 59, testified that it was typical for a newly established company's board of directors (BOD) to be given...
