KUALA LUMPUR: Former SRC International Sdn Bhd director Datuk Mohammed Azhar Osman Khairuddin has filed an application to have two fellow former directors, namely Datuk Shahrol Azral Ibrahim Halmi and Tan Sri Ismee Ismail, to indemnify him against all losses he may incur in the company's lawsuit.
On May 7, SRC under its new management has filed legal action against former Prime Minister Datuk Seri Najib Tun Razak and six others for alleged breach of trust and breach of statutory duty in relation to the RM4 billion Retirement Fund Inc (KWAP) loan to SRC.
The six were Mohammed Azhar, Datuk Suboh Md Yassin, Nik Faisal Ariff Kamil, Datuk Che Abdullah @ Rashidi Che Omar, Ismee and Shahrol Azral.
However, in July, SRC had removed Ismee and Shahrol Azral's names from the suit and retained the others as defendants.
Mohammed Azhar also wants the duo to bear all the expenses including legal fees and other relief that the court deems fit and appropriate.
He filed the application on the grounds that the transactions involving KWAP's RM4 billion loan took place during Shahrol Azral and Ismee's tenures.
According to Mohammed Azhar, Shahrol Azral was SRC director from Aug 1, 2011, before he resigned on May 15, 2012, while Ismee's tenure was from Aug 1, 2011, until he resigned on Aug 15, 2014.
SRC, a subsidiary of 1Malaysia Development Berhad (1MDB) as a plaintiff, in the writ of summons alleged that all the defendants conspired and committed a breach of trust besides claiming that the former prime minister had abused his power and obtained personal benefits from SRC funds as well as misappropriated the funds.
Najib was SRC's Emeritus Advisor from May 1, 2012, until March 4, 2019.
SRC, which is now wholly owned by the Ministry of Finance Incorporated (MoF Inc) is seeking a declaration that all the defendants are liable to pay the loss of investment funds as a result of the use of the loan amount in addition to claiming general damages, exemplary, additional and interest, costs and other appropriate relief provided by the court.
SRC said that in January 2019, the company was placed under the care of officials from the Ministry of Finance (new management) and, after scrutinising and reviewing SRC records, found that SRC's previous directors had not taken any reasonable steps to ensure KWAP's loans amounting to RM4 billion to SRC in 2011 and 2012 were used properly to finance the company's general investment activities and general working capital requirements.
The company also claimed that the previous directors did not monitor the disposal of RM3.6 billion to SRC BVI (proposed investment fund) allegedly for SRC to undertake investment activities in the energy resource sector overseas and failed to monitor the Malaysian government's exposure to guarantees given to SRC as well as failed to inquire about the misappropriation of SRC funds.
-- BERNAMA
Bernama
Mon Aug 30 2021
Former SRC International director Mohammed Azhar Osman Khairuddin has filed an application to have two fellow former directors, Shahrol Azral Ibrahim Halmi and Ismee Ismail, to indemnify him against all losses he may incur in the company's lawsuit.
Majlis Mineral Negara setuju cadangan tempoh minimum kelulusan pajakan melombong
Cadangan itu merupakan langkah mewujudkan persekitaran industri mineral yang kondusif dan menyokong perkembangan industri.
Lebih 100 terbunuh dalam rempuhan di Uttar Pradesh, India
Lebih 100 orang dilaporkan terbunuh dan ramai lagi cedera dalam rempuhan semasa satu perhimpunan keagamaan Hindu di negeri Uttar Pradesh.
Tumpuan Rabu – 03 Julai 2024
Ikuti rangkuman berita utama yang menjadi tumpuan di Astro AWANI.
Kerajaan setuju benarkan PMKS keluarkan e-Invois yang disatukan - Menteri Kewangan II
Kerajaan bersetuju membenarkan perusahaan mikro, kecil dan sederhana (PMKS) mengeluarkan e-Invois yang disatukan iaitu yang menggabungkan semua urus niaga jualan setiap bulan.
SPRM nafi Azam Baki terlibat dalam penyebaran tomahan babitkan agensi penguat kuasa
SPRM menafikan Ketua Pesuruhjaya agensi berkenaan Tan Sri Azam Baki terlibat dalam penyebaran tohmahan membabitkan agensi kerajaan dan media yang tular baru-baru ini.
Kemasukan matrikulasi: Tidak jejas kuota Bumiputera
Jelas beliau, tindakan yang dibuat di bawah pentadbiran Kerajaan Perpaduan memerlukan keberanian dalam kepimpinan.
Pensyarah UM dilantik sebagai penasihat kerajaan Timor-Leste
Ying Hooi merupakan satu-satunya rakyat Malaysia yang dilantik secara rasmi sebagai Anggota Dewan Penasihat Antarabangsa (IAC).
Fahmi persembah Warkah Persilaan ke Istiadat Pertabalan Agong kepada Raja Bahrain
Menteri Komunikasi Fahmi Fadzil mempersembahkan Warkah Persilaan ke Istiadat Pertabalan Yang di-Pertuan Agong ke-17 Sultan Ibrahim kepada Raja Bahrain Sheikh Hamad bin Isa Al Khalifa.
KPK cadang semak semula levi untung luar biasa sawit dalam Belanjawan 2025 - Johari
KPK bercadang menyemak semula levi keuntungan luar biasa (WPL) ke atas minyak sawit di negara ini dalam pembentangan Belanjawan 2025, seiring dengan harga semasa komoditi itu.
Rasuah projek lebuh raya: SPRM tahan dua lagi individu
Penahanan itu bagi membantu siasatan kes rasuah bernilai lebih RM1 bilion membabitkan projek lebuh raya di Lembah Klang.
Keputusan permohonan Najib mulakan semakan kehakiman cabar kewujudan Titah Adendum 5 Jun
Mahkamah Tinggi Kuala Lumpur menetapkan 5 Jun untuk memutuskan permohonan kebenaran semakan kehakiman difailkan Datuk Seri Najib Tun Razak bagi mencabar kewujudan perintah tambahan beliau.
Genap setahun Najib di penjara
Pada tarikh hari ini (23 Ogos) pada tahun lalu, Najib Razak menjadi Perdana Menteri pertama yang dijatuhkan hukuman penjara 12 tahun.
Najib hantar representasi mohon gugur tuduhan kes pengubahan wang haram dana SRC RM27 juta
Najib menghantar surat representasi kepada AGC untuk menggugurkan tiga lagi pertuduhan kes pengubahan wang haram membabitkan dana SRC International Sdn Bhd (SRC) berjumlah RM27 juta yang dihadapinya.
Kes pinda laporan audit 1MDB: Rayuan pendakwaan ditetapkan untuk satu lagi tarikh pengurusan kes pada 21 Julai
Rayuan pihak pendakwaan terhadap pembebasan bekas Perdana Menteri Datuk Seri Najib Abdul Razak dan bekas ketua pegawai eksekutif 1MDB Arul Kanda Kandasamy dalam kes meminda laporan audit 1MDB.
'Rayuan kes SRC mungkin dibicara semula di Mahkamah Persekutuan'
Keseluruhan rayuan berhubung kes SRC International Sdn Bhd (SRC) yang dihadapi oleh Datuk Seri Najib Tun Razak berkemungkinan besar akan dibicarakan semula di hadapan Mahkamah Persekutuan.
Kes SRC International: Najib gagal bantah Abu Bakar dengar semakan hukumannya
Datuk Seri Najib Tun Razak gagal untuk membantah komposisi Hakim Mahkamah Rayuan, Datuk Abu Bakar Jais daripada senarai hakim-hakim untuk mendengar permohonan semakan sabitan dan hukuman kes SRC.
Kes SRC: Mahkamah kekal sabitan dan hukuman, Najib dipenjara 12 tahun, denda RM210 juta
Mahkamah Persekutuan mengekalkan sabitan dan hukuman 12 tahun penjara serta denda RM210 juta yang dikenakan ke atas Datuk Seri Najib Tun Razak.
Kes SRC: Mahkamah tetapkan 10 hari, mulai 15 Ogos dengar rayuan akhir Najib
Mahkamah Persekutuan menetapkan 10 hari mulai 15 Ogos untuk mendengar rayuan akhir Datuk Seri Najib Tun Razak bagi mengetepikan sabitan dan hukuman penjara dalam kes penyelewengan RM42 juta dana SRC.
SRC International: Tujuh tuduhan Najib boleh dibatalkan, wujud konflik kepentingan - Peguam
7 pertuduhan penyelewengan dana SRC International Sdn Bhd membabitkan bekas PM boleh dibatalkan susulan kegagalan Hakim Datuk Mohd Nazlan mendedahkan jawatannya selaku antara lain setiausaha syarikat.
[LAPOR LANGSUNG] Kes SRC International: Mahkamah Rayuan kekal sabitan, hukuman Najib
Mahkamah Rayuan hari ini mengekalkan keputusan Mahkamah Tinggi terhadap bekas Perdana Menteri, Datuk Seri Najib Razak.