00:00The High Court has deferred its decision in a lawsuit by SRC International against former
00:08Premier Datuk Seri Najib Razak and former SRC CEO Nick Faisal Arif Kamil over breach of fiduciary
00:15duty. Justice Ahmad Firouz Zainal Abedin said he would need time to deliberate on the submissions
00:22by the parties in the case. Earlier, Najib's lawyer Mohamed Farhan Mohamed Shafi submitted
00:28that the third parties, named in the lawsuit, were the true liable parties that bore the
00:33blame for what happened to SRC. He said the third parties, former members of the Board of
00:39Directors B.O.D., were not legally compelled to follow instructions from the shareholder
00:44Najib. He added that they cannot hide behind the veil of instructions by the shareholder
00:49and have to be free of external pressure and exercise independent judgment. As for the claim
00:56that some of the B.O.D. members feared losing their jobs if instructions by Najib were not
01:01executed, Farhan said this was a weak reason for breaching one's fiduciary duty. SRC filed
01:08the legal action in May 2021, alleging that Najib had committed breach of trust, abuse of power,
01:15misappropriated the company's funds, and personally benefited from it.
01:32There were words in the conviction, the John box, misrepbelief and relief for the
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