Najib backed second RM2b loan to SRC based on 'hope'

NAJIB TRIAL | Ex-PM acknowledges the cabinet's backing although the first RM2 billion loan didn't yield results.

| Former prime minister Najib Abdul Razak today acknowledged that his cabinet backed a second RM2 billion loan to SRC International Sdn Bhd although the first RM2 billion loan didn't yield results.

This unfolded when Najib was cross-examined by DPP V Sithambaram, primarily about his role in the second government guarantee for Retirement Fund Incorporated's loan to SRC.: Do you agree that at the time the government guarantee was given, you were personally aware that SRC would not succeed because it had done nothing with the first loan.: It had done nothing.

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