Najib tells court he isn't duty-bound to report to Cabinet how SRC used first RM2b loan
Kuala Lampur, Dec. 11 -- Datuk Seri Najib Razak insisted today that he was not obliged to tell his own Cabinet how SRC International Sdn Bhd used a whopping RM2 billion loan from Malaysia's second-largest pension fund in 2011, despite his twin role as the prime minister and finance minister then.
Najib was also then chairman of 1Malaysia Development Berhad (1MDB) which was the parent company of SRC International at that time, and had also issued a handwritten letter to the Retirement Fund Incorporated (KWAP) to approve the loan.
Najib, on trial for allegedly siphoning RM42 million from the investment company, was testifying in his own defence under questioning from Attorney General Tan Sri Tommy Thomas.
Thomas: Do you agree that it was...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.