Witness: I resigned as I did not agree with CEO  

KUALA LUMPUR: A former 1Malaysia Development Berhad (1MDB) non-executive director told the High Court here that he resigned from SRC International Sdn Bhd as he did not agree with the CEO’s management of the company’s accounts and finance.

Tan Sri Ismee Ismail, 54, who was a member of SRC International’s board of directors said while reading out his witness statement today that he submitted his letter of resignation on May 6, 2014, and officially resigned on Aug 15, 2014.

“During the period between May and August, I was no longer active in the management of SRC.

Ismee Ismail

“I resigned because I did not agree with Nik Faisal Ariff Kamil’s management particularly of the company’s accounts and finance,” he said in the examination-in-chief by deputy public prosecutor Datuk Ishak Mohd Yusoff on the 21st day of the trial of Datuk Seri Najib Tun Razak.

The former prime minister is accused of misappropriating RM42 million belonging to SRC International.

Ismee as the 39th witness also said most of SRC’s moves were initiated by Nik Faisal in that he would submit working papers to the board of directors for a decision and followed up on every project executed by the company. – Bernama