KUALA LUMPUR: The High Court has fixed January 2025 to hear SRC International Bhd's RM42 million suit against Datuk Seri Najib Razak.
Lawyer Kwan Will Sen, who is representing the company, confirmed this when contacted today.
He said the trial will be heard before Judicial Commissioner Datuk Raja Ahmad Mohzanuddin Raja Mohzan from Jan 13 to 17; Jan 20 to 24; Feb 12 to 14; and Feb 24 to 26.
SRC International and its subsidiary Gandingan Mentari Sdn Bhd filed the suit against Najib in 2021, claiming that he had committed breach of trust, misused his power, benefited personally from the SRC International funds and misappropriated the funds.
On Dec 6, the Court of Appeal affirmed the High Court's decision which granted a Mareva injunction against SRC International and Gandingan Mentari Sdn Bhd to prevent Najib from transferring or dissipating of any of his assets amounting to RM42 million.
The High Court granted the Mareva injunction to the companies and directed Najib not to remove, dispose of, deal with or diminish the value of any of their assets in and outside of Malaysia up to the value of RM42 million, pending the final determination of the lawsuit they had filed against him.
Besides that, the former Pekan Member of Parliament is only entitled to withdraw up to RM100,000 per month for his living expenses and for payment of legal fees.
A Mareva injunction is a temporary order which restrains the defendant from disposing of assets until the determination of the case between the plaintiff and the defendant.
Najib, 70, is serving 12 years in jail after the Federal Court upheld his conviction and jail sentence and RM210 million fine for misappropriating RM42 million in SRC International funds.