SRC files suit against Najib, six others for alleged breach of trust over RM4b KWAP loan

SRC International Sdn Bhd, under its new management, has filed a lawsuit against former prime minister Najib Abdul Razak and six others for alleged breach of trust and breach of statutory duty in relation to the RM4 billion Retirement Fund Inc (KWAP) loan to SRC.

Through the court’s e-filing system, SRC, which is a subsidiary of 1Malaysia Development Bhd (1MDB), as the plaintiff, filed the writ of summons on May 7 by naming Najib and...