00:00Datuk Sri Najib Tun Razak admitted at the Kuala Lumpur High Court on Friday that he
00:06has certain regrets over the losses facing SRC International's Sandirian Berhad.
00:12Najib, as the first defendant, said this when queried by SRC International's lawyer Kwan
00:18Wil Sen at SRC International's $1.18 billion civil suit against him and SRC former Chief
00:27Executive Officer Nik Faisal Arif Kamil, who is currently at large.
00:34To another question about the monies that went into his personal account from SRC International
00:38and Retirement Fund Inc., Najib maintained his testimony that he has no knowledge about
00:44it.
00:45In May 2021, under the new management, SRC filed the lawsuit accusing Najib of breach
00:53of trust, abuse of power, personally benefiting from the company's funds and misappropriating
00:59the said funds.
01:01SRC International previously removed five of its directors from the lawsuit, retaining
01:07Najib as the sole defendant.
01:10However, the High Court permitted Najib to issue third-party notices against them.
01:16The company is seeking a court declaration holding Najib accountable for the company's
01:21losses due to his alleged breach of duties and trust, and for him to compensate the 42
01:28million ringgit in losses they have incurred.
01:30The trial before Judge Datuk Ahmad Fairooz Zainul Abidin continues on October 21.
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