Putrajaya must settle SRC International’s RM9.2 billion debt, court hears | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Putrajaya must settle SRC International’s RM9.2 billion debt, court hears

Remittance Department manager at AmBank's Kuala Lumpur head office Wedani Senen verified the six transactions into Najib Razak's account from two firms linked to Jho Low at today's hearing. – The Malaysian Insight pic by Hasnoor Hussain, July 15, 2019.

A LAWYER told the Kuala Lumpur High Court today that SRC International Sdn Bhd owes RM9.2 billion in principal and interests for a 10-year loan taken from Retirement Fund Inc in 2011 and 2012. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 8. in MY

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.

SRC Trial: SRC borrowed RM4b, agreed to pay RM9.2b back to KWAP | Malay MailKUALA LUMPUR, July 15 — SRC International Sdn Bhd had agreed to pay the Retirement Fund (Incorporated) (KWAP) RM9.2 billion in return after taking out two loans totaling some RM4 billion from the fund back in 2011 and 2012. It was revealed today in court that among the terms agreed upon by KWAP...
Source: malaymail - 🏆 1. / 86 Read more »

Day 37: SRC has to repay KWAP RM9.2 billion for RM4 billion loansLIVE | NajibTrial 4.25pm - SRC has to repay KWAP RM9.2 billion for RM4 billion loans Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »

Day 37: Court allows Najib to attend Dewan Rakyat for Undi 18 debateLIVE | NajibTrial 4.25pm - SRC has to repay KWAP RM9.2 billion for RM4 billion loans Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »

Najib settled RM3.9 million credit card bills with SRC money, court toldThe transactions were made in 2014 and 2015 to settle expenses in Italy, Honolulu and Bangkok. FMTNews NajibRazak YeohEngLeong SRC AuditReport2018 nah tuan tuan inilah punahsihat BN..sorry penasihat.. anything less than 20 years in prison will be a gross injustice... That's why UMNO people love him.
Source: fmtoday - 🏆 5. / 72 Read more »

Najib bayar hutang kad kredit RM3.9 juta guna dana SRC, kata saksiNajib menghadapi 6 pertuduhan pengubahan wang dan pecah amanah jenayah dalam pemindahan RM42 juta ke akaunnya daripada SRC International. FMTNews NajibRazak SRC
Source: fmtoday - 🏆 5. / 72 Read more »

Day 37: KWAP sold RM4.6 billion in stocks for SRC's first loan trancheLIVE | Malaysiakini brings you live reports from ex-PM Najib Abdul Razak's SRC International trial.
Source: malaysiakini - 🏆 20. / 51 Read more »