SRC trial: Witnesses describe RM4b loan as among biggest by KWAP | Malay Mail

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SRC trial: Witnesses describe RM4b loan as among biggest by KWAP

Former vice president of the Retirement Fund Incorporated’s Investment Support Services Department, Amirah Muhammad Nor, at the Duta Court in Kuala Lumpur May 9, 2019. — Picture by Hari Anggara

“Throughout my experience working in KWAP, both loans to SRC totalling RM4 billion were one of the biggest approved by KWAP,” she said in her witness statement. She added that the authority to approve these had then delegated to the director of the Accounts and Management Services Department under her purview.

Responding to Najib’s lawyer, Harvinderjit Singh, Ambalagam replied in the affirmative when asked if the RM4 billion loan was among the biggest loan amount issued by KWAP.

 

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