The coal mining project in Mongolia never materialised, even though US$60 million (RM281 million) was paid by SRC International Sdn Bhd to its subsidiary SRC BVI for a joint venture with an Abu Dhabi company called Aabar, the high court heard.
There has been a spate of viral videos showing vehicles from neighbouring countries such as Thailand and Singapore being filled with Malaysia's heavily subsidised RON95 petrol, indicating a blatant disregard for local laws.
