Despite Najib’s handwritten approval, ex-KWAP CEO says no compulsion to approve loan | Malay Mail

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Despite Najib’s handwritten approval, ex-KWAP CEO says no compulsion to approve loan

Datuk Nor Azian Mohd Noh arrives at the Kuala Lumpur Court Complex May 29, 2019. — Picture by Hari Anggara

Najib’s lawyer Harvinderjit Singh had asked Azian: “You have a letter from PM, starting with proposal, goes to Fixed Income Department, approved by the investment committee, goes to investment panel, they never felt any compulsion to approve a loan?”Azian also pointed out that “influenced” and “compelled” are different words, but did not elaborate.

Azian confirmed that she had read Najib’s note together with the June 2011 letter’s title, taking it to mean that the then prime minister agreed to SRC International’s proposal for KWAP to “invest” RM3.95 billion into the company. Azian confirmed that both she and the KWAP chairman had left it to the Fixed Income Department to assess and made any recommendations they wanted to the investment panel.

During cross-examination, Harvinderjit asked “At no point in time, you or the Fixed Income Department said ‘we must approve this because of this letter”, to which Azian replied “Correct.”When asked to confirm if no one at KWAP took the June 2011 letter to mean loan procedures could be disregarded, Azian replied: “Definitely I did not take it as instruction.”

 

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