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

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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.

KUALA LUMPUR: The High Court heard today a guarantee letter signed by Najib Razak for an additional RM2 billion loan to SRC International Sdn Bhd was dated earlier than the directive to approve the sum.

“However, a finance ministry official wrote to KWAP the following day to approve the loan,” she said when cross-examined by Najib’s lawyer, Harvinderjit Singh. KWAP and SRC, however, signed a facility agreement on March 27, 2012 and a supplemental facility agreement on Aug 9, 2012.SRC director Nik Faisal Ariff Kamil had submitted a two-page proposal to Najib on June 3, 2011, to initially obtain a RM3.95 billion loan from KWAP, which is under the purview of the finance ministry.

 

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Wowww...bossku boleh

Pre approved loan... just come get it!

Fishy and smelly

Hahahaha..case of jumping the barrel..

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