KUALA LUMPUR (Jan 20): SRC International Sdn Bhd’s lawsuit against Umno went to trial on Monday after both parties failed to reach an out-of-court settlement.
Lawyer Razlan Hadri Zulkifli will deliver the opening statement for SRC before High Court judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan before the first witness is called to take the stand.
In this lawsuit filed in 2021, SRC is seeking to recover RM16 million allegedly transferred to Umno by its former president Datuk Seri Najib Razak, and RM3.5 million that was allegedly wrongfully received by Umno Selangor.
SRC and its subsidiaries contend that Umno knew, or should have known, that the funds belonged to the government-linked company and that Umno had no legitimate claim to them. SRC is a former subsidiary of 1Malaysia Development Bhd (1MDB).
Lawyers on both sides had requested several adjournments to hash out a settlement ahead of the trial which was originally slated to start on Nov 18 last year.
Following multiple time extensions, Raja Ahmad had given them an ultimatum that the trial would commence if no settlement was reached by Jan 20, 2025.
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