What is SRC International seeking in its RM5.58 billion civil suit against Najib?

Question

Accepted Answer

SRC International Seeks Over US$1.18 Billion in Losses and Compensation from Najib Razak

SRC International is seeking a court declaration that Najib Razak is liable for the company's losses stemming from his alleged breach of duties and trust. The company is also pursuing an order for Najib to pay US$1.18 billion, representing the total losses SRC International incurred, along with compensation for US$120 million that allegedly entered his bank account. The suit further claims general damages, exemplary damages, additional interest, and costs.
Declaration of Liability for Losses Due to Breach of Trust

SRC International is asking the Commercial High Court to formally declare that Najib Razak is accountable for the financial losses the company sustained. This declaration is based on allegations that Najib breached his duties and the trust placed in him during his involvement with the company. The company contends that these breaches directly led to its substantial financial detriment.
Payment for US$1.18 Billion in Losses and Damages

Central to the civil suit is SRC International's demand for Najib to compensate the company for its total losses, which amount to US$1.18 billion. This figure represents the alleged direct financial harm suffered by SRC International. In addition to the recovery of these losses, the company is also seeking damages for the breach of duties and trust, further underscoring the alleged misconduct.
Compensation for Funds Entering Najib's Account

SRC International is specifically seeking an order for Najib to compensate the sum of US$120 million that reportedly entered his personal bank account. This claim highlights a specific financial transaction that the company alleges constitutes a direct benefit derived from Najib's alleged breaches. The inclusion of this specific amount suggests a focus on tracing and recovering funds directly linked to the former Prime Minister.
Additional Relief Sought by SRC International

Beyond the specific monetary claims, SRC International is also requesting broader forms of relief from the court. This includes general damages, which are typically awarded to compensate for non-quantifiable harm, and exemplary damages, which are intended to punish egregious conduct and deter similar future actions. The company is also seeking additional interest on any awarded sums and coverage for legal costs associated with the litigation.

Reading history

Hide →

This history is cleared when the page is closed.

What is SRC International seeking in its RM5.58 billion civil suit against Najib?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends