Is Selangor Umno liable for RM3.5 million received?

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High Court to Deliver Ruling on SRC International's RM3.5 Million Claim Against Selangor Umno on October 24

The High Court is scheduled to deliver its decision on October 24 regarding the civil suit filed by SRC International Sdn Bhd and its subsidiaries seeking the recovery of RM3.5 million from Selangor Umno. This amount is part of a larger RM19.5 million claim against Umno and its state chapter, stemming from alleged fund transfers in 2015. The plaintiffs contend that Selangor Umno received these funds without lawful basis.
Legal Submissions Concluded

The court fixed the decision date after concluding two days of oral submissions from both the plaintiffs and defendants. Counsel for SRC International and its subsidiaries presented arguments asserting a breach of fiduciary duties by former directors, citing documentary evidence and admissions. Selangor Umno's legal representation argued that the RM3.5 million received by the party constituted a political donation.
Plaintiffs' Claim Against Selangor Umno

SRC International and its subsidiaries, including Gandingan Mentari Sdn Bhd and Jendela Pinggiran Sdn Bhd, are seeking the return of RM3.5 million from Selangor Umno. The core of this claim is the allegation that the funds were wrongfully transferred to the political entity.
Selangor Umno's Defence as Political Donation

During the proceedings, counsel for Selangor Umno submitted that the funds in question were a political donation. This assertion forms a key part of the defence's argument regarding the legality and nature of the funds received by the party.
Breach of Fiduciary Duties Alleged

The plaintiffs' counsel argued that a breach of fiduciary duties had been established. This argument is supported by evidence presented in court, including the testimony of a former SRC International director who signed blank cheques. The plaintiffs maintain they have proven the breach of trust by former directors on the balance of probabilities.

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Is Selangor Umno liable for RM3.5 million received?

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