Pensioners' fund loaned RM2 bil to SRC without full documents, says witness

KUALA LUMPUR: The pensioners’ retirement fund approved a RM2 billion loan in 2011 to SRC International without proper documentation, the High Court heard in the corruption trial of Najib Razak.

He said the loan application was also addressed to Najib Razak, then prime minister and finance minister, who agreed that KWAP approve the loan to SRC. Amirul said on June 16, 2011, he sent an e-mail to Noor Azlina Abu Bakar, an assistant to Nik Faisal, for further information like 1MDB’s audited accounts, latest available management records and company profile of SRC.

The e-mail read: “We are unable to disclose further information requested as the real estate projects are in the master planning stage of development. About a month later, he said KWAP received a letter from SRC , that the RM2 billion be paid to them directly.

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