Najib Granted Stay on US$1.3b SRC Payment Order Pending Appeal
2 Articles
2 Articles
Najib granted stay on US$1.3b SRC payment order pending appeal
KUALA LUMPUR, May 13 — The High Court here today granted Datuk Seri Najib Tun Razak a stay of execution on the payment of US$1.3 billion awarded to SRC International Sdn Bhd, pending his appeal against the court’s March ruling.Judge Datuk Ahmad Fairuz Zainol Abidin, now a Court of Appeal judge, ruled that special circumstances justified the stay.These included the substantial size of the sum awarded against a single individual, the precedent of …
The High Court has ordered Najib Razak to pay costs of RM2 million to SRC International and RM150,000 each to the solicitors for each third party. KUALA LUMPUR: The High Court has stayed the USD1.3 billion judgment obtained by SRC International Sdn Bhd against former prime minister Najib Razak pending an appeal. Judge Ahmad Fairuz Zainol Abidin, in delivering his decision, said the court was satisfied that there were special circumstances justif…
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