High Court to Decide May 13 on Najib’s Bid to Stay US$1.18b SRC Payout

High Court to decide May 13 on Najib’s bid to stay US$1.18b SRC payout

KUALA LUMPUR, May 7 — The High Court will decide on May 13 whether Datuk Seri Najib Razak can obtain a stay of execution on the US$1.3 billion (about RM5.08 billion) judgment awarded to SRC International Sdn Bhd pending the disposal of his appeal.Court of Appeal judge Datuk Ahmad Fairuz Zainol Abidin, sitting as the High Court trial judge, will deliver the decision, according to a report in The Edge.The application concerns a March 31 judgment t…

No basis to stay US$1.3bil judgment against Najib, SRC’s lawyer tells court

Former prime minister Najib Razak is seeking to stay a judgment holding him liable to SRC International Sdn Bhd for US$1.3 billion in losses and damage suffered pending an appeal. KUALA LUMPUR: SRC International Sdn Bhd told the High Court here there were no exceptional circumstances to justify suspending a judgment for US$1.3 billion owed by former prime minister Najib Razak to the company. In opposing Najib’s application for the judgment to be…