KUALA LUMPUR — Dec. 3, 2019: Former prime minister Datuk Seri Najib Razak wrote bersetuju (agree) on a letter from SRC International Sdn. Bhd. to seek his approval as finance minister for a RM3.95-billion loan from Kumpulan Wang Persaraan Diperbadankan KWAP) but in court today maintained that this did not mean carte blanche approval from him.
On the matter of expediting the loan, Najib admitted to having asked the agency to do so or get another agency to do it if the loan application could not be approved to enable SRC to move forward with planned programmes.
Najib has been asked to enter his defence on seven charges of criminal breach of trust, money laundering and abuse of position involving RM42 million belonging to SRC International.
Najib replied to his counsel Wan Aizuddin Wan Mohammed that the bersetuju that he minuted was also not directed then KWAP CEO Datuk Azian Mohd. Noh to approve the loan, adding that as finance minister he had no authority to direct KWAP on this.
He said the authority to approve was with the agency’s Investment Panel, on which Azian was only an ex-officio member with no voting power.
Hearing before Justice Mohd. Nazlan Mohd. Ghazali continues tomorrow.