Najib’s trial: KWAP asked to channel RM2b loan directly to SRC’s accounts | Malay Mail

Former assistant vice-president of Retirement Fund Incorporated Amirul Imran Ahmat is pictured at the Kuala Lumpur High Court Complex May 2, 2019. — Picture by Firdaus Latif

“The purpose of the letter was to apply for the RM2 billion to be directed straight to SRC as it was a subsidiary of 1MDB and also considering the loan would be backed up by a government guarantee,” he said, reading from his witness statement. He said the government approval letter included information that would see SRC International be involved in investments in natural resources, in line with the Loan Guarantee Act 1965.

Amirul Imran said information like the corporate profile, business plan and strategies, cashflow projections and details of their investment mandates were requested from SRC International and 1MDB, asking for the information be provided on the same day.

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