Nik Faisal, Suboh get discharge on financial statement case

The Sessions Court was told that the Companies Commission of Malaysia (CCM) failed to submit a summons regarding company financial statements on former SRC International Sdn Bhd chief executive officer Nik Faisal Ariff Kamil, former non-executive director of SRC Suboh Mohd Yassin and Gandingan Mentari Sdn Bhd.

CCM prosecuting officer Fazarul Ezhar Mohd Mokhtar said that he had obtained a directive from the deputy public prosecutor that the three persons summoned be given a discharge not amounting to an acquittal (DNAA).

He told the court that the prosecution would re-file the suit against the three to compel them to submit the wanted annual financial statements for the year 2017 to CCM.

A subsidiary of SRC, Gandingan Mentari together with Nik Faisal and Suboh were charged for failing to submit its 2017 financial statement within 30 days as required by the commission under Section 68 (1) of the Companies Act 2016.

On June 20, Suboh was summoned as the prosecution witness to testify at the trial of former prime minister Najib Abdul Razak who is facing three counts of criminal breach of trust, one count of abusing his position and three counts of money laundering involving SRC funds amounting to RM42 million.

During the SRC trial, MACC senior assistant commissioner, Rosli Husain told the High Court that he failed to get the original minutes of the meetings of SRC International Sdn Bhd (SRC) for 2013 because its former chief executive officer Nik Faisal Ariff had fled overseas. - Bernama