RM4b loan to SRC among highest approved by KWAP: Ex-CEO

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KUALA LUMPUR: Retirement Fund Incorporated (KWAP) former chief executive officer (CEO) Datuk Azian Mohd Noh said the RM4 billion loan to SRC Internati...

Ex-PM Datuk Seri Najib Abdul Razak takes a break during his trial of misappropriating SRC International Sdn Bhd funds at Kuala Lumpur High Court on May 29, 2019. — BBX: Retirement Fund Incorporated former chief executive officer Datuk Azian Mohd Noh said the RM4 billion loan to SRC International Sdn Bhd was among the highest approved by the statutory body.

The former prime minister is facing seven charges of misappropriating SRC International Sdn Bhd funds totalling RM42 million. “The letter sought the KWAP’s consideration for the sum to be released in advance, with the ministry pledging to submit the government guarantee within 10 days,“ Azian said during the examination-in-chief by deputy public prosecutor Datuk Ishak Mohd Yusoff.

“The letter stated that the loan was for investment activities in natural resources and revolving fund only and not for general investment. The letter was also based on the Cabinet’s decision on Feb 8, 2012,“ he said. When asked by Najib’s counsel Datuk Mohd Yusof Zainal Abiden on whether SRC International followed procedures in getting the loan, Azian replied, “Yes”.

 

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Hopefully we can get this over soon & put him & those associated in jail

AKUANAKWATAN Bertaubatlah sang pemfitnah terutama yg beragama Islam. chedetofficial drwanazizah AzminAli

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