KUALA LUMPUR: A government secretary in Najib Razak’s administration told the High Court today the former prime minister had tabled memorandums during two weekly Cabinet meetings seeking to give government guarantees on loans taken by SRC International Sdn Bhd.
“It was a 10-year loan for SRC to fund its investments in the natural resources industry. The memorandum by the finance minister , also sought the Cabinet’s approval to give tax and stamp duty exemptions to SRC and to give a nod to the finance minister to decide on the loan’s terms,” she said, in testifying in Najib’s SRC International trial.
“I was there to take down minutes of the meeting. Except for Idris Jala and Ahmad Husni Hanadzlah, the other Cabinet members attended this meeting,” she said, referring to the former minister in the Prime Minister’s Department and the former second finance minister.
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