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).
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.
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.
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.
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.