Application by SRC for RM3.95bil did not follow loan policy


  • Nation
  • Wednesday, 29 May 2019

KUALA LUMPUR: The High Court was told that an application letter by SRC International Sdn Bhd for a RM3.95bil loan did not follow the procedural requirement needed by Retirement Fund Incorporated (KWAP).

Former KWAP chief executive officer Datuk Azian Mohd Noh testified that the letter dated June 3, 2011, was signed by SRC International director Nik Faisal Ariff Kamil and addressed to the then prime minister Datuk Seri Najib Razak.

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