The ex-director of SRC says, “I’m not Najib’s puppet.”

KUALA LUMPUR – Former SRC International Sdn Bhd Director Tan Sri Ismee Ismail denied in the High Court of Malaysia on Monday (5th June) that he had been a puppet’ for Datuk Seri Najib Tun Razak when executing the investment strategy of the company.

Ismee (59), who was appointed by Najib clarified that, during his tenure at SRC International, he never met Najib and did not possess the former premier’s phone number.

Harvinderjit Sing, Najib’s lawyer, asked him this question during SRC International’s US$1.18bil lawsuit against Najib, and Nik Faisal Ariff Kamil who was the former CEO of the company. Kamil fled the country in 2018

Harvinderjit : You don’t even question what he says (Najib), you just do it. Was this the case at the SRC?

Ismee : I’m not sure.

Harvinderjit : Do you know his (Najib) personal telephone number?

Ismee: No.

In his testimony that was presented in court on Monday (5 June), Ismee clarified the fact that Najib made the decision to transfer a loan of RM3.6bil to SRC BVI (a subsidiary of SRC International) through a shareholder’s resolution.

Najib is the only shareholder and advisor emeritus of SRC International.

SRC International, for the record, took a loan from KWAP of RM4bil between 2011 and 2012. RM3.6bil of that amount was transferred into a Swiss account, which is currently frozen by Swiss authorities.

SRC International had previously removed five of their directors, including Ismee from the lawsuit. Najib remained the only defendant. The High Court granted Najib the right to send third-party notices.

SRC, under the new management, filed the lawsuit in May 2021. They claimed that Najib committed a breach, abused his power, and personally benefited from company funds.

The company is asking the court to declare that Najib has breached his duties and trust, and is responsible for any losses incurred by the company. They are also demanding compensation for the RM42mil losses.

The trial of Judge Datuk Ahmad Fairuz Zainol Abidin will continue on Tuesday (6th June).

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