SRC’s presentation only looked good on paper during application for KWAP loan, court told
Datuk Seri Najib Razak leaves the Kuala Lumpur Court Complex May 7, 2019. — Picture by Firdaus Latif
Amirul Imran previously worked as KWAP’s Fixed Income Department assistant vice-president from January 2011 to August 2013, and was involved in the approval procedures that went on to approve the eventual loans totalling RM4 billion afforded to SRC International. Harvinderjit: When you had a discussion with Nik Faisal and Terence Geh, there was confidence that the company was going to make a lot of money?Harvinderjit: Everything looks good on paper?
He then said that the documents shared by SRC International for the loan application was still unable to justify the financing they requested, and the documentation was also incomplete.
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