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Najib had absolute power over SRC, witness testifies

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak wielded absolute power in decision-making when it came to SRC International Sdn Bhd, including the utilisation and disbursement of a RM4bil loan from the Retirement Fund Inc (KWAP), the High Court heard.

Malaysia , Kuala-lumpur , Ismee-ismail , Najib-razak , Shahrol-azral , Nik-faisal , Justice-ahmad-fairuz , High-court , Malaysia-development-bhd , Retirement-fund , International-sdn-bhd , Retirement-fund-inc

In SRC International civil suit, former director says Najib was 'chess grandmaster' in company's scheme of things

In SRC International civil suit, former director says Najib was 'chess grandmaster' in company's scheme of things
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.

Malaysia , Kuala-lumpur , Malaysian , Najib-razak , Muhammad-farhan , Muhammad-farhan-shafee , Shahrol-azral , Firdaus-latif , Nik-faisal , Ismee-ismail , Mohammed-azhar-osman-khairuddin , Nuclear-energy-plan-implementation-office

Ex-SRC International director denies blame for losses

Ex-SRC International director denies blame for losses
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Switzerland , Kuala-lumpur , Malaysia , Mohammed-azhar , Ismee-ismail , Najib-razak , Nik-faisal , Malaysia-development-berhad , Retirement-fund-inc , International-sdn-bhd , High-court , Sdn-bhd

Najib had absolute power in SRC, High Court hears

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak wields absolute power in decision-making when it comes to SRC International Sdn Bhd, including the utilisation and disbursement of a RM4bil loan from the Retirement Fund Inc (KWAP), the High Court heard on Tuesday (March 26).

Malaysia , Kuala-lumpur , Justice-ahmad-fairuz , Shahrol-azral , Nik-faisal , Ismee-ismail , Najib-razak , Malaysia-development-bhd , Retirement-fund-inc , Retirement-fund , International-sdn-bhd , High-court

Former director: Najib has absolute power in SRC

KUALA LUMPUR: A former director of SRC International Sdn Bhd told the High Court here today that Datuk Seri Najib Abdul Razak had complete authority t...

Kuala-lumpur , Malaysia , Shahrol-azral , Ismee-ismail , Najib-abdul-razak , International-sdn-bhd , Retirement-fund , Retirement-fund-inc , High-court , Sdn-bhd , Datuk-seri-najib-abdul-razak , Shahrol-azral-ibrahim-halmi

Former SRC director refutes claims by Najib for 1MBD losses

KUALA LUMPUR: A former director of SRC International Sdn Bhd has refuted claims by Datuk Seri Najib Razak who placed the blame on SRC's former directors for the losses incurred by the subsidiary of 1Malaysia Development Bhd (1MDB).

Switzerland , Malaysia , Kuala-lumpur , Najib-razak , Ismee-ismail , Nik-faisal , Mohammed-azhar , International-sdn-bhd , Malaysia-development-bhd , Retirement-fund-inc , Sdn-bhd , Datuk-seri-najib-razak

'SRC millions funnelled out'

KUALA LUMPUR: A sum of US$15mil (RM70mil) was transferred out of SRC British Virgin Islands (SRC BVI) to a company called Muraset Ltd, and ended up being funnelled to several people, including the son of a former Mongolian prime minister and a politician in 2011, the High Court has heard.

United-kingdom , Mongolia , Kuala-lumpur , Malaysia , British-virgin-islands , Briton , Mongolian , Battushig-batbold , Kim-hak-seon , Nik-faisal , Ismee-ismail , Cheong-choo-young

US$60mil flew out of SRC for joint venture that did not generate revenue

KUALA LUMPUR: Some US$60mil flew out of SRC International for the purpose of a joint venture (JV) between its subsidiary SRC BVI and the government of Abu Dhabi relating to a coal mine that ended up not producing coal or generating revenue from mining operations, the High Court heard.

China , Kuala-lumpur , Malaysia , Mongolia , Chinese , Angela-barkhouse , Abu-dhabi , Nik-faisal , Najib-razak , Joseph-borkowski , Ismee-ismail , High-court

In SRC International civil suit, offshore asset recovery specialist says yet to see evidence Najib returned US$120m of SRC funds in bank account

In SRC International civil suit, offshore asset recovery specialist says yet to see evidence Najib returned US$120m of SRC funds in bank account
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.

Malaysia , United-states , Cayman-islands , Kuala-lumpur , Malaysian , Harvinderjit-singh , Angela-barkhouse , Kim-loong , Taek-jho , Najib-abdul-razak , Ismee-ismail , Quantuma-international

SRC's loans from KWAP not used for intended purpose, High Court told

KUALA LUMPUR: The High Court here was told that a RM1.8bil loan taken out by SRC International Sdn Bhd from Retirement Fund Inc (KWAP) was never used for investments in the energy and resource sectors, a purpose it was intended for.

Kuala-lumpur , Malaysia , Indonesia , Mongolia , United-kingdom , Briton , Ismee-ismail , Angela-barkhouse , Nik-faisal , Najib-razak , Erdens-tavan-tolgoi , High-court