Witness: Najib wanted KWAP loan expedited before govt guarantee letter issued

  • Nation
  • Wednesday, 10 Jul 2019

KUALA LUMPUR (Bernama): The High Court here was told on Wednesday (July 10) that former Prime Minister Datuk Seri Najib Razak ordered Retirement Fund Incorporated (KWAP) to expedite the issuance of a loan to SRC International Sdn Bhd before the government's guarantee letter was issued.

Former Finance Ministry Treasury secretary-general, who was also KWAP chairman, Tan Sri Dr Wan Abdul Aziz Wan Abdullah, 67, said Najib made the order in a telephone call even though he could not remember when the call was made.

The telephone call referred to an SRC application to obtain a RM3.95bil loan from KWAP in 2011.

"I received a call from Najib for the Finance Ministry to issue the letter to KWAP so that KWAP could issue the loan earlier and it would be followed up with a government guarantee as soon as possible,” the witness said.

Wan Abdul Aziz, who is the 45th witness, said this when questioned by deputy public prosecutor Datuk Suhaimi Ibrahim on the 35th day of the trial.      

To a question by Suhaimi on whether the loan being issued before the guarantee letter was a normal practice, the witness said it was unusual.

When questioned why the extraordinary order was carried out, Wan Abdul Aziz said it was because the government was the guarantor of the loan and it had been approved by the Cabinet.

Suhaimi also questioned whether the former Finance Ministry loan management, financial market and actuary division secretary Datuk Maliami Hamad was aware of the telephone call from Najib.

"I told Maliami that Najib ordered the Finance Ministry to give the letter for the issuance of the mone,y and I asked Maliami to issue the letter on the same day the call was made,” said Wan Abdul Aziz.

Najib, 66, is facing  three counts of criminal breach of trust, one count of abusing his position and three counts of money laundering involving SRC International Sdn Bhd funds amounting to RM42mil.

The trial before judge Mohd Nazlan Mohd Ghazali is still in progress. – Bernama

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