Govt guarantee signed even before order to approve RM2 bil loan, says witness

Najib Razak signed the guarantee letter on March 27, 2012 but finance ministry official Maliami Hamad only wrote to KWAP the following day to approve the loan to SRC.

5/14/2019

Najib Razak signed the guarantee letter on March 27, 2012 but finance ministry official Maliami Hamad only wrote to KWAP the following day to approve the loan to SRC.

Najib Razak signed the guarantee letter on March 27, 2012 but finance ministry official Maliami Hamad only wrote to KWAP the following day to approve the loan to SRC.

Pensioners’ retirement fund (KWAP) vice-president (Legal and Secretarial Department) Azlida Mazni Arshad said records revealed that Najib, who was then prime minister and finance minister, had signed the guarantee letter dated March 27, 2012.

KWAP and SRC, however, signed a facility agreement on March 27, 2012 and a supplemental facility agreement on Aug 9, 2012.

On July 19, 2011, the KWAP Investment Committee approved RM2 billion, and the second finance minister signed the government guarantee letter dated Aug 26, 2011.

He is also accused of abusing his power as prime minister by giving government guarantees on SRC International’s RM4 billion loan from Retirement Fund Inc.

Read more: Free Malaysia Today

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The People v Najib Razak EP 14: Quick nap in a short day Lethargy, irritable mood and snippiness dominated day 14 of Najib Razak's SRC International trial. \n\nNajib and his lead counsel Shafee Abdullah both dozed off during proceedings today. Witness Azizul Imran Ahmat, who was back on the dock for the third day, was irritable and responded sarcastically when prodded by the defence. Listen, to find out more. If you like it, share it. And don't forget to subscribe! This podcast is also available on Spotify, YouTube and Facebook. NajibRazaktrial TheMalaysianInsight

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