KUALA LUMPUR: Former SRC International chief executive officer (CEO) Nik Faisal Ariff Kamil has lied to the board of directors (BOD) that the company had RM16 million at its disposal when it only had a total RM17, 273 at the material time, the Kuala Lumpur High Court heard today, Monday, June 17, 2019.
Former SRC International chairman-director, Tan Sri Ismee Ismail testified at the trial of Datuk Seri Najib Razak that Faisal had informed a board meeting on September 13, 2011 that the company had a free cash to spend amounting to RM16 million in its bank accounts.
Ismee testified that the “board trusted Faisal then.”
However, he was shocked when shown the bank statements at the court today.
The bank documents revealed that SRC International’s main account in Ambank with number ending at 650 only had RM273 while another “secret” account in the same bank with number ending at 736 had only RM17,000 as at on September 13, 2011.
Last week, Ismee testified that the BOD never knew that SRC International had the 736 account, which was registered under Nik Faisal, SRC director Datuk Suboh Md Yassin and another undisclosed person.
When asked during the cross examination on whether Faisal could have also lied to the BOD about his regular meetings with Najib on SRC International matters, the prosecution’s 39th witness meekly replied “I don’t know.”
Former Prime Minister and Finance Minister Najib is currently facing 7 charges of abuse of power, criminal breach of trust and money-laundering pertaining to SRC International.
Suboh also appeared to be another “crook” in Faisal’s SRC financial manipulation, at least based on evidence given by Ismee.
According to Ismee, 54, SRC had formed a special purpose vehicle (SPV), namely Gandingan Mentari Sdn Bhd, with a sole purpose to deal with a land in Bukit Jalil.
Gandingan Mentari was not supposed to do any other business.
However, on July 25, 2014, Suboh as Gandingan Mentari director, had entered into an agreement with another entity, Putra Perdana Construction Sdn Bhd, purportedly to invest into a business venture in South America.
On the same date, Suboh ordered a sum of RM170 million from Gandingan Mentari to be remitted to Putra Perdana Construction for the investment purpose.
Putra Perdana Construction is headed by one, Datuk Rosman Abdullah.
Ismee will continue with his testimony tomorrow before Judge Mohd Nazlan Mohd Ghazali. – NTHQiBord, 17 Jun 2019.