KUALA LUMPUR, June 20 — A former SRC International Sdn Bhd director instructed the High Court right here right this moment that he merely served as a “rubber stamp” in SRC International Sdn Bhd to hold out the behest of its adviser emeritus, Datuk Seri Najib Razak.
Datuk Suboh Md Yassin, 73, mentioned as a results of this “rubber stamp” modus operandi, he was not in any place to confirm if he had signed sure paperwork or whether or not his signatures on SRC-related paperwork had been cast.
“I was not allowed to use any unbiased thoughts in this fully mechanical course of. I notice that SRC’s former chief govt officer Nik Faisal Ariff Kamil used to carry a number of paperwork for me to signal and I would have signed them pursuant to his request.
“This is identical modus operandi in which I was accustomed to behave and it applies equally to SRC’s subsidiary corporations,” mentioned Suboh whereas studying his witness assertion when testifying as a third-party respondent in SRC International’s USD1.18 billion civil swimsuit in opposition to Najib, and Nik Faisal, who’s at the moment at massive.
Suboh steered that, in hindsight, the SRC board of administrators appeared to exist merely to satisfy some perceived company formalities, they usually have been by no means supposed to be concerned in SRC’s day by day operations, funding plans, or decision-making processes.
“The discretion and powers of the board of administrators seem in hindsight to have been divested and lowered to a strategy of minimal oversight and giving suggestions and at occasions warning to the administration, however whether or not such warning was heeded by the administration shouldn’t be identified,” mentioned Suboh.
Datuk Seri Najib Razak on the Kuala Lumpur Court Complex, June 20, 2024. — eNM pic
Meanwhile, throughout cross-examination by Najib’s counsel Muhammad Farhan Muhammad Shafee, Suboh mentioned it was fully attainable that Nik Faisal was hiding sure issues when he didn’t submit the SRC’s account for the monetary 12 months 2013 to the Companies Commission of Malaysia in October 2013.
Muhammad Farhan: That was fairly an apparent misrepresentation on Nik Faisal’s half. You would know since you signed the audited assertion.
Suboh: I did signal however I don’t keep in mind the main points.
Muhammad Farhan: Based on this, do you agree this might be an instance of Nik Faisal’s dishonesty when he represented sure issues to the board?
Suboh: That I have no idea however it’s fully attainable.
The trial earlier than Judge Datuk Ahmad Fairuz Zainol Abidin continues on June 24.
Under new administration, SRC filed the swimsuit in May 2021, claiming that Najib had dedicated a breach of belief and abuse of energy, personally benefited from the corporate’s funds, and misappropriated the mentioned funds.
It additionally seeks a courtroom declaration holding Najib accountable for the corporate’s losses because of his breach of duties and belief, and for Najib to repay the RM42 million in losses the corporate incurred. — eNM
