#kwap

NAJIB SRC TRIAL | Ex-PM's defence team closes the case on 91st day of hearing and 33rd day of defence stage.

NAJIB SRC TRIAL | These are documents which Najib's defence wants an Australian handwriting expert to examine.

NAJIB TRIAL | Ex-PM acknowledges the cabinet's backing although the first RM2 billion loan didn't yield results.

SRC TRIAL | 'When I say agree, it is to agree to start the process,' former premier testifies.

This comes after the gov't footed another interest payment of RM43m on behalf of SRC International.

Gov't has repaid RM1.69b of 1MDB subsdiary's debt to KWAP so far, adds minister Lim Guan Eng. 

NAJIB TRIAL | Cheah Tek Kuang served on the KWAP investment panel which approved an RM4b loan to SRC.

NAJIB TRIAL | Witnesses had previously testified that SRC International had given CSR grants.

SRC International has not been servicing the interest on its KWAP loans since 2015, after its Swiss accounts were frozen.

NAJIB TRIAL | Ex-KWAP officer Amirul Imran Ahmat testifies that KWAP approved SRC's application without any supporting documents.

The pandan lawmaker says that it was clear that ‘investment from China’ mentioned by PM Najib doesn’t exist.

'We reiterate our commitment to our mandate in delivering continued progress to pensioners and civil servants,' says KWAP.   

Only then it will consider whether to invest, as 'we don't have the ability to go at it ourselves', says CEO.

KWAP is not worried because the loan to SRC comes with a government guarantee, says CEO.

'The proposal to take FGV private must come at the right price.'

Its CEO says KWAP was willing to consider lowering its term ratio for real estate investments.

This is in line with its stragegy to pump more money into technology firms.