What led to the alleged misappropriation of RM19.5 million in 2015?

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The court has granted a two-week extension for SRC International and its subsidiaries to resolve lawsuits alleging misappropriation of RM19.5 million.

The High Court has allowed SRC International Sdn Bhd and its two subsidiaries a two-week extension to negotiate a resolution for their lawsuits against Umno and Umno Selangor. These legal actions concern RM19.5 million that was allegedly misappropriated in 2015. Settlement discussions between the parties are reportedly ongoing, prompting the court to postpone the trial to allow for further progress.
Lawsuits Filed in May 2021

SRC International and its subsidiaries, Gandingan Mentari Sdn Bhd and Jendela Pinggiran Sdn Bhd, initiated two separate lawsuits against Umno and Umno Selangor in May 2021. These legal challenges stem from allegations that funds were improperly transferred to the political entities. The court's recent decision to grant an extension reflects the ongoing nature of settlement negotiations in these cases.
Claims Against Umno and Umno Selangor

In the lawsuit against Umno, the plaintiffs are seeking RM16 million, asserting that this sum was wrongfully transferred to the political party without any legitimate basis for Umno to receive such funds. The second lawsuit targets Umno Selangor, with a claim for RM3.5 million, also alleging improper receipt of funds by the state chapter of the political party.
Court's Stance on Settlement Progress

The High Court judge, Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan, acknowledged the ongoing settlement talks and granted the requested two-week extension. He emphasised the court's priority for the case and advised the parties to maintain momentum in reaching a resolution. The judge indicated that further postponements would not be entertained if a settlement is not reached, with a status update scheduled for December 12 and the trial set to proceed on January 20 if an agreement is not finalised.

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What led to the alleged misappropriation of RM19.5 million in 2015?

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