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KUALA LUMPUR: The application to transfer the ownership of SRC International Sdn Bhd from 1Malaysia Development Bhd (1MDB) to the Minister of Finance Inc was sent directly to the prime minister for approval, the High Court here heard.
KUALA LUMPUR: SRC International Sdn Bhd has emphasised that the entire RM4bil loan from Retirement Fund Inc (KWAP) on normal commercial terms is fully accounted for in its balance sheet, in accordance with standard accounting and governance practices.
KUALA LUMPUR: The High Court heard that Datuk Seri Najib Razak had signed the draft memo for the transfer of ownership of SRC International Sdn Bhd to Minister of Finance Inc (MOF Inc) on the bonnet of his car seven years ago.
KUALA LUMPUR: SRC International Sdn Bhd is a responsible borrower which is servicing its loan interest to the Retirement Fund Incorporated (KWAP) regularly.
KUALA LUMPUR: The Government will not be allowed to answer questions on matters related to the RM2.6bil political donation and SRC International in Parliament anymore, as it is now considered to be in contempt of court, says Datuk Seri Azalina Othman.
PUTRAJAYA: With less than two weeks left in the year, Attorney-General Tan Sri Mohd Apandi Ali is still waiting for the Malaysian Anti-Corruption Commission's (MACC) final investigation report into SRC International, a former 1Malaysia Development Bhd (1MDB) subsidiary.
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is confident that investigations into SRC International can be wrapped up by the end of the year.
PUTRAJAYA (Bernama): Former prime minister Datuk Seri Najib Tun Razak has filed an application to stay his trial relating to charges over SRC International Sdn Bhd funds, which is scheduled to commence on Tuesday (Feb 12).
KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) subsidiary SRC International Sdn Bhd is still making regular interest payments on its RM4.386bil loan from the Retirement Fund Inc (KWAP).