KUALA LUMPUR: The High Court was told that proposals to obtain a RM3.95bil loan from the Retirement Fund Inc (KWAP) by SRC International Sdn Bhd were made before the company directors were formally appointed.
Attorney General Tan Sri Tommy Thomas made the assertion through seven documents during the cross-examination of Datuk Seri Najib Razak in the SRC International Sdn Bhd trial here on Wednesday .
Based on the documents, the AG suggested that SRC made the decision to apply for loans from KWAP in June and July, 2011, while the board of directors were elected in August, the same year."Their names may have been proposed for the board of directors. I have to check but the official appointment was on Aug 1," the Pekan MP said.
He said this was due to investment opportunities awaiting the company in line with SRC's establishment for national interest."I put it to you it was rushed as though it was important. Why is that," said Thomas. He added that the company had investment opportunities, saying that this is why SRC's funding had to be approved.
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