What role did Nik Faisal Ariff Kamil play in linking SRC International to 1MDB?

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Nik Faisal Ariff Kamil's Pivotal Role in Connecting SRC International and 1MDB

Nik Faisal Ariff Kamil served as a crucial link between SRC International and 1Malaysia Development Berhad (1MDB) through his dual roles as 1MDB's former chief investment officer and an early director and later managing director of SRC International. His involvement began at SRC International's inception, where he was one of the initial shareholders and directors before the company was formally linked to 1MDB.
Early Ownership and Directorship

Upon its establishment on January 7, 2011, SRC International was a private company with two shareholders, each holding one share worth RM1. Nik Faisal Ariff Kamil was one of these initial owners. By January 17, 2011, Companies Commission of Malaysia (CCM) documents indicated that Nik Faisal was not only a director but also held the position of chief investment officer within SRC International. During this foundational period, SRC International was not yet owned by 1MDB.
Transition to Managing Director and 1MDB's Majority Shareholding

Nik Faisal's influence within SRC International grew as he took on the role of managing director starting August 11, 2011. This appointment occurred amidst significant internal changes at SRC International during August 2011. Following these changes, 1MDB became the majority shareholder of SRC International on August 15, 2011, when it was issued 999,998 new shares, thereby solidifying the connection between the two entities and placing Nik Faisal in a key intermediary position.
Continued Association Despite Ownership Changes

Even after Ministry of Finance (MOF) Incorporated took over SRC International from 1MDB on February 14, 2012, Nik Faisal remained associated with the company. While other directors and CEOs resigned over the following years, Nik Faisal and Suboh Md Yassin were noted as being among the initial directors who remained as of August 2018. However, records indicate Nik Faisal had resigned from his managerial position on September 1, 2014.

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What role did Nik Faisal Ariff Kamil play in linking SRC International to 1MDB?

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