How did RM1 billion turn into RM2 billion, judge asks witness | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

How did RM1 billion turn into RM2 billion, judge asks witness

Former KWAP chief executive officer Azian Mohd Noh told the Kuala Lumpur High Court today she cannot recall the sequence of events leading to SRC International’s RM2 billion loan from the retirement fund. – The Malaysian Insight pic by Seth Akmal, May 29, 2019.

TRIAL judge Mohd Nazlan Mohd Ghazali today questioned former KWAP chief executive Azian Mohd Noh on a gap in her testimony over how its loan recommendation for RM1 billion to SRC International in 2011 ended up becoming RM2 billion., received its first loan of RM2 billion in four tranches of RM500 million each on August 29, 2011.

Kuala Lumpur High Court judge Nazlan addressed the witness directly – an uncommon occurrence – on the chronological gap in her witness statement. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IHH announces retirement of CEO, refinancing of Turkish debtAsia's largest healthcare company chalks up RM1.03 billion after-tax profit for FY18.
Source: fmtoday - 🏆 5. / 72 Read more »