KUALA LUMPUR: An application letter by SRC International Sdn Bhd for a RM3.95bil loan did not follow Retirement Fund Incorporated's (KWAP) procedural requirements and included a handwritten note from Datuk Seri Naji Razak saying he agreed with the suggestion, the High Court heard.
Former KWAP CEO Datuk Azian Mohd Noh testified that the letter dated June 3, 2011, was signed by SRC International director Nik Faisal Ariff Kamil, addressed to the then-prime minister Datuk Seri Najib Razak.
According to KWAP's loan policy, applicants must address applications to KWAP directly along with supporting documents or loan proposals.
Azian said she received the letter by hand from Najib's special officer, the late Datuk Seri Azlin Alias, whom she had known for two years, at a hotel lobby in KL Sentral after office hours.
The witness was testifying in Najib's graft trial involving alleged misappropriation of RM42mil in SRC International funds here Tuesday (May 28).
To a question by DPP Datuk Ishak Mohd Yusoff, Azian said it was uncommon for her to meet Azlin after office hours.
"This was the first time," she said.
She further said that the letter had a side note handwritten by Najib, which was meant for her as KWAP CEO that read "bersetuju dengan cadangan ini (agree with this suggestion)".
"To my understanding, this means that the (former) prime minister agreed for KWAP to give out a loan to SRC International," she said.
DPP Ishak: The application did not follow KWAP's loan policy?
Azian: Yes, this letter did not meet the requirement for this procedure.
The witness said it was impossible for her to scrutinise the content of the letter in detail as the meeting was held at night.
She said she took the letter to the KWAP chairperson the next day.
The hearing continues before Justice Mohd Nazlan Mohd Ghazali on Wednesday (May 29).
We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!