KUALA LUMPUR: A former Economic Planning Unit senior officer told the High Court in Najib Razak’s SRC International trial today that 1MDB had sought RM3 billion from the government as a grant to set up its subsidiary company.
“What was striking about this letter was that it came from a company instead of the ministries from which EPU normally receives such applications,” she said. “The RM3 billion grant application was hard to process because we do not usually handle applications from the prime minister,” she said when questioned about the letter by deputy public prosecutor Mohd Ashrof Adrin Kamarul.“We only approved an allocation of RM20 million as a launching ground for SRC,” she said, adding that this was for the study of coal and uranium.
“For oil and gas, we had Petronas as the pioneer in the industry, and for metal, we decided that it was better to leave it to the private sector,” she added.
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