SRC trial: Witness says govt still servicing RM4bil KWAP loan


KUALA LUMPUR: The Federal Government is still servicing the RM4bil loan taken by SRC International Sdn Bhd from Retirement Fund Inc (KWAP) due to the company’s failure to pay its debt.

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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

PAS wants govt to explain deferment of Najib's pardon application
Four Indonesian men face charges over migrant smuggling in Manjung
Reform won’t happen if mistakes recur, says PSD DG
Special education teacher killed in KK accident
24-Hour CCTV station proposed to watch Menora Tunnel slope after landslide
Resolve complaints on uniform supplies, tailoring allowance, senator urges Health Ministry
Salary, pension may continue for missing duo in Tibet, says Bomba chief
Sabah Parks mulls hefty compound, lawsuit against Croatian rescued on Mt Kinabalu
MMEA foils bid to smuggle over a tonne of cooking oil in Sandakan waters
Flying Doctor Service must continue despite crash, but safety overhaul needed, says Lee Lam Thye

Others Also Read