No one forced KWAP officers to okay SRC International’s RM4 billion loan, court told
Azlida Mazni Arshad says ideally officers should reject a loan application with incomplete documentation. – The Malaysian Insight pic by Seth Akmal, May 14, 2019.
SRC International’s applications for RM4 billion in loans were green-lighted by mid-ranking Retirement Fund Inc officers, who chose not to reject them despite incomplete documentation, a senior KWAP legal officer told the court today. Azlida Mazni Arshad, vice-president of KWAP’s legal and secretarial department, told the Kuala Lumpur High Court today that officers from the fixed income department were responsible for approving or rejecting applications outright, at any time.
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