KUALA LUMPUR (Bernama): The High Court here was told that former prime minister Datuk Seri Najib Tun Razak had influence over the Retirement Fund Incorporated's (KWAP) decision to grant a loan to SRC International Sdn Bhd.
Former KWAP chief executive officer Datuk Azian Mohd Noh, 66, said Najib, who was also the finance minister at the time, was her ultimate boss and thus had influence over KWAP's decision to grant a loan to SRC International.
Azian, the 38th prosecution witness in Najib's trial, said this Monday (June 10), the 21st day of the trial, when re-examined by deputy public prosecutor Datuk Ishak Mohd Yusoff.
She said although there was no legal compulsion on the part of the accused, he still wielded a certain degree of influence, given that he was the finance minister and the fact that the Ministry of Finance Incorporated owned SRC International.
Ishak: Explain what Datuk (Azian) meant earlier by "compulsion" and "influence".
Azian: The words compulsion and influence give different connotations. There was no legal compulsion, but I cannot say the same for the word "influence". The annotation in the (SRC International loan application) letter came from the prime minister and finance minister in charge of KWAP. He is my ultimate boss, so I cannot deny there was a certain amount of influence.
Ishak: Why was it that after KWAP considered to give RM1bil, you had to see the prime minister and convey that KWAP could only give RM1bil?
Azian: That was requested by the investment panel ... one of the investment panel members but I don't know which one.
Najib, 66, is charged with three counts of criminal breach of trust, one count of abusing his position and three counts of money laundering involving SRC International funds amounting to RM42mil.
The hearing before High Court Judge Mohd Nazlan Mohd Ghazali continues. – Bernama