Najib given green light to file third-party notices against ex-SRC directors

The Kuala Lumpur High Court today granted Najib Razak permission to issue third-party notices against six former directors of SRC International in the US$1.18 billion lawsuit filed by the company against him.

The six individuals are Suboh Md Yassin, Nik Faisal Ariff Kamil, Mohammed Azhar Osman Khairuddin, Shahrol Azral Ibrahim Halmi, Ismee Ismail and Che Abdullah @ Rashidi Che Omar.

SRC International previously removed the six individuals from the suit, retaining Najib as the sole defendant.

Judge Ahmad Fairuz Zainol Abidin granted the leave following an application from  Najib’s counsel, Harvinderjit Singh, with no objection from lawyer A Thenesh on behalf of SRC International.

The court ordered that the notices be delivered to the relevant individuals within 14 days of their filing.

Harvinderjit said his team would file the notices next week.

SRC International, as the plaintiff, alleged that Najib, who was its emeritus adviser from May 1, 2012 to March 4, 2019, had abused his power and obtained personal benefits from the company's funds as well as misappropriated the funds. 

SRC International, which is now wholly owned by the Ministry of Finance Incorporated, is seeking general, exemplary and additional damages as well as interests, costs and other appropriate reliefs deemed fit by the court.

Najib, 69, began serving 12 years in jail after the Federal Court in August this year upheld his conviction and jail sentence and RM210 million fine for misappropriating RM42 million in SRC International funds.