Najib tabled memos on SRC loan guarantees at Cabinet meetings, court told

KUALA LUMPUR: A government secretary in Najib Razak’s administration told the High Court today the former prime minister had tabled memorandums during two weekly Cabinet meetings seeking to give government guarantees on loans taken by SRC International Sdn Bhd.

“It was a 10-year loan for SRC to fund its investments in the natural resources industry. The memorandum by the finance minister , also sought the Cabinet’s approval to give tax and stamp duty exemptions to SRC and to give a nod to the finance minister to decide on the loan’s terms,” she said, in testifying in Najib’s SRC International trial.

“I was there to take down minutes of the meeting. Except for Idris Jala and Ahmad Husni Hanadzlah, the other Cabinet members attended this meeting,” she said, referring to the former minister in the Prime Minister’s Department and the former second finance minister.

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Day 27: Cabinet committed to gov't guarantee for RM2b loan without discussionLIVE | NajibTrial 12.15pm - Witness: If SRC board didn't listen to Najib, we would be removed Follow our live reports at removed better than be jailed for corruption, the devil & millions of cash got the better of these ppl on the board no Yes and so they remained until they become famous for being najib's gf/sweetheart. Slowly but surely, everything is coming out in the open.
Source: malaysiakini - 🏆 20. / 51 Read more »