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.

According to KWAP’s loan policy, applicants must address applications to KWAP directly, along with supporting documents.

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 prior, at a hotel lobby in KL Sentral in the evening after office hours.

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 said “bersetuju dengan cadangan ini” (agreed with this suggestion).

“To my understanding, this meant the prime minister agreed to KWAP giving out a loan to SRC International,” she added.

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 decipher the content of the letter in detail as the meeting was at night.

She said she took the letter to KWAP’s chairperson the next day.

Earlier, the court heard the testimony of Ihsan Perdana Sdn Bhd managing director Datuk Dr Shamsul Anwar Sulaiman who said he would have called and clarified with Najib if he knew that RM42mil had been transferred into two personal accounts belonging to the former prime minister.

Dr Shamsul Anwar, 58, said this during cross-examination by Najib’s lawyer Harvinderjit Singh.

Harvinderjit: You said you had a direct line of communication to Najib at that time which allowed you to call him directly about any issues?

Dr Shamsul Anwar: Yes.

Harvinderjit: If you knew the two accounts (ending numbers 1880 and 1906) belonged to Najib and you had direct access to him, you would have called him?

Dr Shamsul Anwar: Yes, I would have called him and asked him to clarify this matter if I had known.

The witness previously testified that Ihsan Perdana had transferred RM42mil into two personal accounts of Najib’s without knowing that the accounts belonged to him.

Dr Shamsul Anwar said Najib had never contacted him regarding the payment of RM27mil and RM5mil on Dec 26, 2014, and RM10mil on Feb 9, 2015.

The hearing before Justice Mohd Nazlan Mohd Ghazali continues today.

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