KUALA LUMPUR: The High Court here was told that a RM1.8bil loan taken out by SRC International Sdn Bhd from Retirement Fund Inc (KWAP) was never used for investments in the energy and resource sectors, a purpose it was intended for.
KUALA LUMPUR: An offshore assets recovery specialist told the High Court here today that some of the RM4 billion loan obtained by SRC International Sd.
KUALA LUMPUR: Some US$120mil of the loan from Retirement Fund Inc (KWAP) to SRC International Sdn Bhd landed in Datuk Seri Najib Razak's bank account between 2011 and 2012, the High Court here was told.
KUALA LUMPUR: Datuk Seri Najib Tun Razak received US$120 million of the loan proceeds from Retirement Fund Incorporated (KWAP) to SRC International Sdn Bhd between December 2011 to May 2012, the High Court today heard.