KUALA LUMPUR, Aug 15 — Former prime minister Datuk Seri Najib Razak would have chosen “pak turut” or “yes men” to be SRC International Sdn Bhd’s directors, if he had...
SRC’s US$1.1b suit: Najib would have picked ‘yes men’ if he wanted to be ‘puppet master’, not highly-qualified board members, ex-director tells court
Ismee agreed with Shafee’s suggestion that it was fair for the then finance minister to expect the board to make decisions on matters which he had to decide under the law as shareholder of the Finance Ministry-owned company, and for Najib to then look at what the board decided. During the hearing today, Shafee also read out two new changes to SRC International’s company constitution which were approved in April 2012 and made in May 2012 which gave then-PM Najib additional powers. These two changes to SRC International’s company constitution are Article 117 and Article 118.
Najib was SRC’s adviser emeritus from May 1, 2012, until March 4, 2019. No other advisers were appointed to SRC International. Ismee agreed that there is nothing wrong with the prime minister’s powers to overrule the Petronas board as it is necessary to run a company like that. In May 2021, SRC International, under its new management, sued Najib and its former directors Datuk Suboh Md Yassin, Datuk Mohammed Azhar Osman Khairuddin, Nik Faisal Ariff Kamil, Datuk Che Abdullah @ Rashidi Che Omar, Datuk Shahrol Azral Ibrahim Halmi, and Ismee.
Court Najib Razak Src International US$1.18 Billion Lawsuit
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