Najib's administration approved RM100m loan to repay interests, late payment penalties of SRC’s RM4b loan in 2015, court told | Malay Mail

Former deputy chief secretary to the government Tan Sri Mazidah Abdul Majid arrives at the Kuala Lumpur Court Complex June 18, 2019. — Picture by Hari Anggara

Former deputy Chief Secretary to the government Tan Sri Mazidah Abdul Majid testified that the RM100 million loan proposed by the Finance Ministry was necessary to avoid KWAP from declaring an Event of Default which would have immediately terminated funding to SRC International. “This situation will negatively impact the fiscal position and the government’s annual budget allocation,” she said in her testimony during Najib’s trial at the High Court here today.According to the memorandum, the doubtful loan status would have projected a negative perception of the government considering SRC International was a company under MOF’s Minister of Finance Incorporated .

there you go! funds from kwap pulak tu. susah ke nak faham?

So yesterday....tak trending

masa tu tak tanya kenapa SCR tak leh bayar duit interest? melabur sana sini mana pergi untung nya...semua yes man je masa tu. chedetofficial

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