Najib failed to protect pensioners' savings, court hears

PUTRAJAYA: Datuk Seri Najib Razak had failed to protect pensioners' funds when a RM4bil loan from the Retirement Fund Inc (KWAP) was given to SRC International Sdn Bhd, a company he is said to have a personal interest in, the Court of Appeal heard.

Ad hoc prosecutor Datuk V. Sithambaram told the three-man bench that SRC International, a subsidiary of troubled sovereign wealth fund 1Malaysia Development Bhd (1MDB), was established with the support of Najib.