KUALA LUMPUR: The High Court hearing Najib Razak’s corruption trial was told today that the pensioners’ fund investment panel merely went through the motions to approve a RM4 billion loan to SRC International as the matter had already been decided earlier.
Thomas, who was cross-examining Najib, said KWAP merely went through the motions as the loans had been pre-approved by Najib.The loans were disbursed to SRC in 2011 and 2012 after the Cabinet approved government guarantee letters to KWAP. Today, Najib also dismissed a suggestion by Thomas that he wanted KWAP to pay SRC the second RM2 billion loan even before the government guarantee letter was sent to KWAP.
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