KUALA LUMPUR, Nov 4, 2015:

All of SRC International Sdn Bhd’s transactions do not require the written approval of the Prime Minister, says the Finance Ministry.

Prime Minister Datuk Seri Najib Razak said the ruling was in line with the Memorandum and Articles of Association (M&A) of the company.

He was referring to article 116 in the M&A of SRC International that set only two items that required the Prime Minister’s approval.

“This involved the amendments to the M&A, appointments and discontinuation of the company’s director and upper management,” he said in a written response at the Dewan Rakyat today.

Najib, who is Finance Minister, was responding to a question fielded by Tony Pua (Petaling Jaya-Utara-DAP) on whether all transactions of the company, which was a subsidiary of 1Malaysia Development Bhd, required a written approval from the Prime Minister.

On the question of SRC International’s purported payments of RM40 million and RM10 million in December 2012 and February 2013, respectively to Ihsan Perdana through its subsidiary Gandingan Mentari, Najib said the matter was still being investigated by the Malaysian Anti-Corruption Commission.

“It is not fair for anyone to comment about it so as not to interfere with the investigations.”

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