SRC trial: Witness says KWAP investment panel not bound by PM, ministers’ views on loan approvals
Vice-president of KWAP's legal and secretariat department Azlida Mazni Arshad is pictured at the Kuala Lumpur Court Complex, May 14, 2019. ― Picture by Yusof Mat Isa
The prosecution’s 35th witness in Datuk Seri Najib Razak’s trial over RM42 million from SRC International Sdn Bhd, KWAP Legal and Secretarial Department vice president Azlida Mazni Arshad, testified that the panel is expected to act and decide independently in such matters. Harvinderjit: Do you agree the investment panel is not bounded by instructions of the prime minister?Harvinderjit: Do you agree they are not bound to follow recommendations made in an Investment Paper submitted to them?Last week, Azlida testified that KWAP received instructions from Najib in 2011 to hasten the loan approval for the first RM2 billion to be channelled SRC International.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Najib's SRC trial: Former PM asked KWAP to rush loan approval, says witnessKUALA LUMPUR: Former prime minister Datuk Seri Najib Razak asked Retirement Fund Incorporated (KWAP) to rush the approval for the RM2bil loan to SRC International Sdn Bhd in 2011, the court was told on Thursday (May 9).
Read more »
Najib’s trial: Witness concedes unknown if SRC used KWAP loans for CSR | Malay MailKUALA LUMPUR, May 8 — A witness in Datuk Seri Najib Razak’s ongoing trial today conceded that he did not personally know if SRC International Sdn Bhd had used money borrow from civil servants’ pension fund Retirement Fund Incorporated (KWAP) for corporate social responsibility (CSR)...
Read more »
Day 16: KWAP panel had reservations about loaning SRC RM2b - witnessLIVE | NajibTrial 3pm - KWAP panel had reservations about loaning SRC RM2b - witness Follow our live reports at
Read more »
Day 17: KWAP fixed income dept could've rejected SRC loan bid - witnessLIVE | The criminal trial of ex-premier Najib Abdul Razak enters its 17th day today at the High Court in Kuala Lumpur.
Read more »
SRC trial: Witnesses describe RM4b loan as among biggest by KWAP | Malay MailKUALA LUMPUR, May 9 — The Retirement Fund Incorporated’s (KWAP) two loans totalling RM4 billion to SRC International Sdn Bhd were among the largest approved by the civil service pension fund, said two witnesses responsible for the approval of the payment vouchers. The prosecution’s 34th...
Read more »
Najib instructed KWAP to speed up RM2b loan approval for SRC International, trial told | Malay MailKUALA LUMPUR, May 9 — Retirement Fund Incorporated (KWAP) received instructions from former prime minister Datuk Seri Najib Razak in 2011 to hasten the approval for the first RM2 billion loan to SRC International Sdn Bhd, the High Court was told today. The prosecution’s 35th witness, KWAP Legal...
Read more »
Ex-Treasury chief secretary led KWAP panel that loaned RM4 billion to SRC International, court told | The Malaysian InsightEx-Treasury chief secretary led KWAP panel that loaned RM4 billion to SRC International, court told
Read more »
Saksi: KWAP tidak cenderung beri pinjaman ke-2 pada SRCMenurut saksi KWAP kenakan kadar faedah lebih tinggi untuk tidak menggalakkan SRC International mendapat pinjaman RM2 bilion.
Read more »
No one forced KWAP officers to okay SRC International’s RM4 billion loan, court told | The Malaysian InsightInvestment panel aware that responsibility for approving a loan is its sole remit, says fund’s veep at Day 17 of Najib Razak trial.
Read more »
Pegawai KWAP nafi cadang pinjaman RM4 bilion kepada SRC International | The Malaysian InsightAmirul Imran Ahmat berkata, pinjaman diberikan merupakan kesalahan kerana melanggar garis panduan pelaburan KWAP.
Read more »
Najib minta KWAP percepat pinjaman RM2 bilion kepada SRC International, kata saksiNajib didakwa atas 3 tuduhan pecah amanah, 1 tuduhan salah guna kedudukan dan 3 tuduhan pengubahan wang haram membabitkan dana SRC International Sdn Bhd berjumlah RM42 juta.
Read more »