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.
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).
Kuala Lumpur: An asset recovery specialist told the High Court here that there was no evidence to show former prime minister Najib Razak “returned” a purported US$120 million from SRC International to Singapore-registered firm Tanore Finance Corporation.
KUALA LUMPUR: The High Court has fixed April 15 to deliver its decision on P2 Asset Management Sdn Bhd’s application to amend its statement of claim in a dispute over the share sale agreement involving the MySejahtera mobile app. The ongoing suit by P2 Asset Management is against Entomo Malaysia Sdn Bhd, Revolusi Asia Sdn Bhd and MySJ Sdn Bhd. Judge Datuk Ahmad Fairuz Zainol Abidin set the date on Thursday (March 31) after hearing submissions from lawyer Nagarajah Muttiah, representing P2 Asset Management as the plaintiff, and lawyer Ashok Kandiah representing Entomo Malaysia (formerly known as KPISoft Malaysia Sdn Bhd) and Revolusi Asia as the first and second defendants. Also participating in the online proceeding was lawyer Razlan Hadri Zulkifli, acting on behalf of MySJ, which was named the third defendant in the suit filed in November. Justice Ahmad Fairuz also set the same date to deliver a decision on the applications by all of the defendants to strike out P2 Asset Management�