Datuk Seri Najib Razak leaves the Kuala Lumpur Court Complex May 8, 2019. — Picture by Yusof Mat Isa
Today, Najib’s lawyer Harvinderjit Singh during cross-examination asked: “Whether SRC used for CSR is something beyond your knowledge?”When asked why Amirul Imran had included the comment regarding CSR in his witness statement, he replied that it was in response to a question from the Malaysian Anti-Corruption Commission investigators.
Former KWAP assistant vice president Amirul Imran Ahmat is pictured at the Kuala Lumpur High Court May 6, 2019. — Picture by Firdaus Latif One of these AmBank accounts belonging to Najib was used to issue 14 cheques amounting to about RM7.2 million to various recipients, including to political parties, renovation works such as water tank installations at Najib’s residences, and a welfare home for orphans.
Shariah-compliant contracts that were signed for KWAP’s two RM2 billion loans to SRC International in 2011 and 2012Amirul Imran confirmed that it was ultimately the facility agreement or loan agreement that governed the two RM2 billion loans. Yesterday, Harvinderjit had highlighted that the financing documents for the two RM2 billion loans in 2011 and 2012 had both came in sets of three: The facility agreement, asset sale agreement and asset purchase agreement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Najib’s SRC trial: KWAP breached its investment policy on initial RM2b loans | Malay MailKUALA LUMPUR, May 6 — The Retirement Fund Incorporated (KWAP) breached its Investment Policy and Guidelines (IPG) when it approved a loan of RM2 billion to 1Malaysia Development Berhad’s (1MDB) wholly-owned subsidiary, SRC International Sdn Bhd in 2011, the High Court was told today at Datuk...
Source: malaymail - 🏆 1. / 86 Read more »
Najib trial: KWAP asked to release RM2b to SRC before govt guarantee given | Malay MailKUALA LUMPUR, May 6 — The Finance Ministry had asked civil servants’ pension fund KWAP to release the second batch of RM2 billion to SRC International Sdn Bhd before the fund received a government guarantee for the 2012 loan, the High Court heard today. Former KWAP official Amirul Imran Ahmat,...
Source: malaymail - 🏆 1. / 86 Read more »
Witness in Najib's SRC trial says he was pressured to complete working paper for KWAP
Source: staronline - 🏆 4. / 75 Read more »
Najib’s SRC trial: Witness insists KWAP investment guidelines breached despite waiver for RM2b loan | Malay MailKUALA LUMPUR, May 7 — The investment guidelines for the Retirement Fund Incorporated (KWAP) were breached when it decided to give the first loan of RM2 billion to then 1MDB subsidiary SRC International Sdn Bhd in 2011, the High Court heard today in the trial of former prime minister Datuk...
Source: malaymail - 🏆 1. / 86 Read more »
SRC can’t use retirement fund’s RM4b loans for CSR, witness says in Najib’s trial | Malay MailKUALA LUMPUR, May 6 — SRC International Sdn Bhd was not allowed to use the RM4 billion borrowed from civil servants’ pension fund KWAP for corporate social responsibility programmes as it would breach the loan agreements, the High Court heard today. Former KWAP employee Amirul Imran Ahmat, 39,...
Source: malaymail - 🏆 1. / 86 Read more »
KWAP officer denies pushing approval for SRC International loans | The Malaysian InsightAmirul Imran Ahmat says RM4 billion loans given to former 1MDB unit amount to offences.
Source: msianinsight - 🏆 8. / 63 Read more »
SRC only submitted two-page letter for RM3.95b loan from KWAP: WitnessKUALA LUMPUR: The High Court was told today that SRC International Sdn Bhd (SRC) only submitted a two-page application letter to Kumpulan Wang Persara... That has to be the most audacious loan proposal of all time
Source: theSundaily - 🏆 25. / 51 Read more »
Day 12: Witness describes SRC letter seeking RM3.95b KWAP loanLIVE | NajibTrial 4.10pm - Witness describes SRC letter seeking RM3.95b KWAP loan Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »
LANGSUNG: Lagi mengenai pinjaman RM4 bilion KWAP kepada SRC International | The Malaysian InsightNajib Razak menandatangani surat meluluskan permohonan pinjaman daripada Kumpulan Wang Persaraan Diperbadankan, mahkamah diberitahu minggu lalu.
Source: msianinsight - 🏆 8. / 63 Read more »
LIVE: More on RM4 billion KWAP loan to SRC International | The Malaysian InsightNajib Razak signs letter approving loan request from Retirement Fund Inc, court told last week.
Source: msianinsight - 🏆 8. / 63 Read more »
Day 13: 'RM4b to SRC is the largest KWAP loan I have ever seen'LIVE | Malaysiakini brings you live reports from ex-PM Najib Abdul Razak's SRC International trial.
Source: malaysiakini - 🏆 20. / 51 Read more »