Malaysiakini NEWS

Witness: Subsequent gov't loan to SRC didn't get cabinet approval

Hidir Reduan & Hariz Mohd
Published:  |  Modified:

Putrajaya extended more than RM600 million in loans to help SRC International service the interest on its RM4 billion debts to the Retirement Fund Incorporated (KWAP) after the company was unable to do so on its own, but not all of them received cabinet approval.

This is according to the Finance Ministry's Strategic Investments Division deputy secretary Afidah Azwa Abdul Aziz, who is the 41st witness in former prime minister Najib Abdul Razak's SRC International trial...

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