: The High Court was told today that SRC International Sdn Bhd only submitted a two-page application letter to Kumpulan Wang Persaraan Diperbadankan for loan of RM3.95 billion.
Amirul Iman, who is the 29th prosecution witness, said this during examination-in-chief by the prosecution, conducted by deputy public prosecutor Datuk Ishak Mohd Yusoff. Following which, Amirul Imran said he sent an email to Nik Faisal Ariff on June 29, 2011, to request for the supporting documents, which included from 1Malaysia Development Berhad , as guarantor, company profile/details, 1MDB and SRC’s corporate profiles and 1MDB and SRC’s details of investment mandate and business plan/strategy.
To another question from Ishak, Amirul Imran said on July 19, 2011, KWAP Special investments Panel and chief executive officer Datuk Azian Mohd Noh approved a loan of RM2 billion to SRC because the company was wholly-owned by 1MDB and also based on government guarantee.
That has to be the most audacious loan proposal of all time
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Day 12: Witness describes SRC letter seeking RM3.95b KWAP loanLIVE | NajibTrial 4.10pm - Witness describes SRC letter seeking RM3.95b KWAP loan Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »
Najib approved SRC’s application for RM3.95b loan to KWAP, court toldKUALA LUMPUR: The High Court here was told today that former prime minister Datuk Seri Najib Abdul Razak approved a loan application amounting to RM3.... Tangkap la. Diu
Source: theSundaily - 🏆 25. / 51 Read more »
RM4b from KWAP account transferred to SRC: Ambank managerKUALA LUMPUR: An Ambank manager told the High Court here today that RM4 billion from the account of Kumpulan Wang Persaraan (KWAP) were transferred in... Dear Govt Pensioners, We must have a Slapping Booth at Court so that when Najib has a Break in between the trial. He can sit at the Slapping Booth. Each Govt Pensioner can take turn to Slap Najib. My Mom A Gov't Pensioner. She & her friends who r Gov't Pensioners are Cursing Najib. Kept saying Thanked God! Najib & BN Govt is voted out. They collapsed the Country's Financial Systems & Financial Institutions like KWAP! Even Pensioners' Fund Najib & Crooks they 1 2 rob!
Source: theSundaily - 🏆 25. / 51 Read more »
SRC got RM4bil from KWAPKUALA LUMPUR: A total of RM4bil was credited into the account of SRC International Sdn Bhd from the country’s largest public services pension fund, Kumpulan Wang Persaraan (KWAP), the High Court heard.
Source: staronline - 🏆 4. / 75 Read more »
Day 11: RM2b transferred from KWAP to SRC account - witnessLIVE | NajibTrial 3.05pm - RM2b transferred from KWAP to SRC account - witness Follow our live reports at Najib is now know as Finito Obviously daylight robbery & abusing his position! Why are some of his supporters so naive & gullible! Rm2b transfer without questions common ppl transfers rm10k and get questioned many times 😩😫
Source: malaysiakini - 🏆 20. / 51 Read more »
Day 11: RM4b transferred from KWAP to SRC in two tranchesLIVE | NajibTrial 3.30pm - Another RM2b transferred from KWAP to SRC account in 2012 Follow our live reports at Thief What........big time liar.... Its called Najib te Robin Hood . Jib robs KWAP RM 2 Billion Cash enters in2 SRC a/c. SRC channels Cash from KWAP in2 Najib's a/c. Pheww...did some cash RM 1 Million arrive in Goodie Bags 4 Indians? dinners 4 d Chinese? Did u get goodie bags/ free dinners frm Najib?
Source: malaysiakini - 🏆 20. / 51 Read more »
RM4 billion went from KWAP to SRC, confirms bank manager at Najib trial | The Malaysian InsightMoney was deposited into two accounts of company in 4 RM500 million and one RM2 billion tranches, court told. Banyak senang dia ini !
Source: msianinsight - 🏆 8. / 63 Read more »
Remittance manager confirms RM4b from pension fund KWAP went into SRC International | Malay MailKUALA LUMPUR, April 30 — RM4 billion was deposited into SRC International Sdn Bhd’s AmBank account over two tranches between August 2011 and March 2012, with money sourced from the Retirement Fund (Incorporated) (KWAP), the High Court heard today. Manager of AmBank’s Remittance Centre’s...
Source: malaymail - 🏆 1. / 86 Read more »