Lawyers' group slams govt for using 3Rs to justify use of Sedition Act, reminds Pakatan of its previous standFormer prime minister Datuk Seri Najib Razak at the Kuala Lumpur High Court, March 25, 2024.
This he said included in respect of the RM4 billion loan from the Retirement Fund Incorporated — a statutory body which manages the pension scheme for Malaysia’s civil servants — that was utilised and disbursed.“As a mere director and just one of the many directors of the board, I do not have the power to make any decision in respect of the said RM4 billion loan from KWAP.
In his testimony, Shahrol Azral said he was appointed director in August 2011. He resigned in May 2012. “I deny the first defendant’s claim that the loss and damage suffered by the plaintiff was caused inter alia by my acts, omissions, wrongdoings, breaches of statutory, common, fiduciary and/or other duties as well as the order prayed by the first defendant that I pay loss and damage proven to have been suffered by the plaintiff.
Shahrol Azral reaffirmed that he was never brought to face any criminal charges over SRC International’s loss and damages in respect of the misappropriation of the RM4 billion fund from the KWAP loans. SRC as a plaintiff in the writ of summons had alleged that Najib had abused his power and obtained personal benefits from SRC International’s funds as well as misappropriated the funds. Najib was SRC’s Emeritus Advisor from May 1, 2012, until March 4, 2019.
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