00:01The High Court has ruled that former Prime Minister Najib Razak is liable for losses
00:06amounting to US$1.18 billion suffered by SRC International Sundan Berhad
00:12arising from his breach of fiduciary duties.
00:16Justice Ahmad Fairo Zainul Abidin ordered Najib to pay the company a total of US$1.3 billion
00:22for abusing his position and acting in bad faith by orchestrating the misappropriation
00:29of US$120 million into his personal bank account.
00:33The US$1.3 billion award comprises US$1.18 billion in losses and US$120 million in quantified damages.
00:43Costs will be determined at a later date.
00:47The court granted an interim stay while Najib files a formal application for a stay of execution
00:53pending an appeal within 14 days.
00:58Prennujou, FMT.
00:59Prennujou, FMT.
00:59Prennujou, FMT.
01:00Prennujou, FMT.
01:00Prennujou, FMT.
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