SRC trial: Witness says govt still servicing RM4bil KWAP loan

The High Court heard testimony from Finance Ministry strategic investments division deputy secretary Afidah Azwa Abdul Aziz who said the government, as the guarantor of the loan, had to be responsible in paying back the principal loan and its interest to KWAP.

The witness was reading from her witness statement at the corruption trial of former prime minister Datuk Seri Najib Razak, who faces seven charges relating to misappropriation of RM42mil in SRC funds. “For projects apart from SRC International, usually the Finance Ministry would be prepared earlier because the ministry would have to finance infrastructure projects that could not generate enough profit to pay its debts, especially during the construction period.

“The government was not prepared from the aspect of allocation to pay back the loan to KWAP because SRC was late in informing the government of its failure to finance the debt,” she said.

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Najib claimed no vested interest in SRC International during Cabinet meetings, says witness | Malay MailKUALA LUMPUR, June 18 — Datuk Seri Najib Razak declared he had no vested interest in SRC International Sdn Bhd during Cabinet meetings over the granting of government guarantees on the SRC International’s RM4 billion loan applications in August 2011 and February 2012, the High Court heard...
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