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Najib trial: Loans from KWAP to SRC International among the biggest

Azian

Syndicated News
Written by Syndicated News

KUALA LUMPUR — May 29, 2019: Two loans totalling RM4 billion from Retirement Fund Incorporated (KWAP) to SRC International Sdn. Bhd. in 2011 and 2012 were among the highest approved by the statutory body.

But former KWAP chief executive officer Datuk Azian Mohd. Noh agreed with a lawyer that the applicant followed procedures when applying and that the payments were made according to KWAP’s conditions.

Azian further agreed that SRC International fulfilled all conditions in the documents prepared by the panel of lawyers from Messrs Hisham Sobri and Kadir, apart from the fact that SRC International was qualified to get the loan as the company was under the finance ministry.

Azian was CEO and an ex-officio member of the KWAP board from March 2007 until her retirement in March  2013, according to Bernama.

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