Witness Unusual Approval Process For Kwap S Rm3 95b Loan To Src



NAJIB TRIAL | The Retirement Fund Inc (KWAP) had taken unusual steps in approving multi-billion ringgit loan applications from former 1MDB subsidiary SRC International Sdn Bhd, the High Court in Kuala Lumpur heard today
Former KWAP officer Amirul Imran Ahmat testified that the retirement fund’s management had considered SRC International's application without any supporting documents from the latter
Amirul is the prosecution's 29th witness in former premier Najib Abdul Razak's trial, involving the alleged misappropriation of funds from SRC International Sdn Bhd.  He walked the court through what transpired, starting with KWAP receiving a loan application for RM3.95 billion from SRC International
The application was received through a letter dated June 3, 2011, which was signed by SRC International director Nik Faisal Ariff Kamil
According to Amirul, the letter also contained a handwritten note by then prime minister and finance minister Najib which stated that he “agreed with KWAP giving the loan to SRC”
The note was accompanied by Najib's signature
Amirul, who was then assistant vice-president at KWAP's fixed income department, said he had then sent a request to Nik Faisal to provide necessary documents to facilitate the application process
Among the documents requested by KWAP were 1MDB's audited accounts since its incorporation, company profiles, and latest available management accounts
According to his testimony, a series of emails then ensued between him, his then superior Ahmad Norhisham Hassan (now deceased), Nik Faisal, and the latter's assistant Noor Azlina over KWAP's request for the documents
The emails also include further requests for more documents on SRC International and its owner 1MDB
The documents, however, were never delivered despite promises made by Noor Azlina and Nik Faisal to deliver them to KWAP
Amirul said he sent another email on June 30, 2011 titled “FW: SRC International Sdn Bhd - Proposed Financing of RM3.95 bilion” to Nik Faisal Ariff Kamil, a copy of which was also sent to his superior Ahmad Norhisham
The email stated: "However, we would appreciate it if you could assist to arrange to provide us with the following information/documents, by the end of today, which was part of the list of requested information earlier"
He said the email also requested comprehensive details of existing investments by 1MDB, including full details of all its projects, including Bandar Malaysia and the Kuala Lumpur International Financial District (KLFID)
However, the next day, Amirul received a reply from Nik Faisal, in which the SRC International director said the company could not disclose the information requested by KWAP
Nik Faisal said the disclosure of such information was subject to approval by the chairperson of 1MDB's board of advisors, and the prime minister, which they been unable to obtain clearance from
Najib was the chairperson of 1MDB's board of advisors at the time. "After receiving the reply, I was ordered by Ahmad Norhisham to prepare a paper to propose to KWAP's Investment Panel to approve RM1 billion loan to SRC
"Based on information at hand, which are 1MDB company's profile and 1MDB financial statement, I prepared Kertas Pelaburan number 8/6/2011 for the loan application by SRC
"Usually, any application for a financial loan would require much more additional documents. However, in this case, there was no document received by KWAP," Amirul told the court
KWAP CEO ordered preparation of loan proposalHowever, the witness said, the KWAP investment panel decided to defer their decision on SRC’s loan application until they received further information from SRC
This decision was taken in a meeting held on July 5, 2011
According to Amirul, KWAP CEO Azian Mohd Noh had then ordered his superior Ahmad Norhisham to prepare a proposal for an RM2 billion loan to SRC International
He testified that another meeting by the panel on July 19, 2011 had approved a loan of RM2 billion to SRC International, with a condition that the loan is guaranteed by the government, or given in the name of the government as the creditor
In August 2011, the fund received another loan application from SRC International, in which the company requested a direct loan, citing that it is a full subsidiary of 1MDB and that the loan would be based on a government guarantee
Amirul testified that the second loan was approved in 2012. The total amount of money loaned to SRC International by KWAP thus amounted to RM4 billion
He is expected to continue his testimony on Monday. - Mkini

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/05/witness-unusual-approval-process-for.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Mus

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Najib Trial Day 12 Witness Describes Src Letter Seeking Rm3 95b Kwap Loan

Najib Trial Day 12 Witness Describes Src Letter Seeking Rm3 95b Kwap Loan

papar berkaitan - pada 2/5/2019 - jumlah : 318 hits
The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 12th day today at the Kuala Lumpur High Court Malaysiakini brings you live reports of th...
Najib Trial Day 14 Rm4b Loan Is The Largest I Ve Seen Kwap Give Witness Insists

Najib Trial Day 14 Rm4b Loan Is The Largest I Ve Seen Kwap Give Witness Insists

papar berkaitan - pada 7/5/2019 - jumlah : 404 hits
The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 14th day today at the High Court in Kuala Lumpur Malaysiakini brings you live reports of...
Najib Trial Day 12 Src Rejected Kwap S Request For Business Plan Details

Najib Trial Day 12 Src Rejected Kwap S Request For Business Plan Details

papar berkaitan - pada 3/5/2019 - jumlah : 328 hits
The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 12th day today at the Kuala Lumpur High Court Malaysiakini brings you live reports of th...
Rm2 Bilion Duit Kwap Di Pindah Masuk Ke Src International

Rm2 Bilion Duit Kwap Di Pindah Masuk Ke Src International

papar berkaitan - pada 1/5/2019 - jumlah : 314 hits
KUALA LUMPUR Saksi pendakwaan ke 24 memberitahu memaklumkan Mahkamah Tinggi di sini hari ini bahawa wang berjumlah RM2 bilion daripada akaun Kumpulan Wang Persaraan dimasukkan ke dalam akaun SRC International Sdn Bhd pada 28 Mac 2012 Pengur...
Src Got Rm4bil From Kwap

Src Got Rm4bil From Kwap

papar berkaitan - pada 1/5/2019 - jumlah : 451 hits
From your knowledge of Umno can you confirm if all party presidents were in fact all the time hold the political funds in person A total of RM4bil was credited into the account of SRC International Sdn Bhd from the country s largest public ...
Black Thursday Face Saving For Police More Ag Drama At Src Trial

Black Thursday Face Saving For Police More Ag Drama At Src Trial

papar berkaitan - pada 9/5/2019 - jumlah : 345 hits
Several postings to poke finally brought out a reaction from the police Yesterday on the third of Ramadhan police reacted with a civil forfeiture charge against Dato Najib and Datin Seri Rosmah There was no criminal charge made but civil ch...
Brace For Fireworks At Najib S Src Trial Next Week Orang No 1 Already Showing Signs Of Losing His Cool

Brace For Fireworks At Najib S Src Trial Next Week Orang No 1 Already Showing Signs Of Losing His Cool

papar berkaitan - pada 20/4/2019 - jumlah : 327 hits
THE first week of Datuk Seri Najib Razak s trial concluded on Thursday The former prime minister must have been relieved to see the end of it after five days of sitting in the dock hearing back and forth arguments between his lawyers and th...
Approval Of 49 Projects For Sandakan An Election Bait Says Analyst

Approval Of 49 Projects For Sandakan An Election Bait Says Analyst

papar berkaitan - pada 2/5/2019 - jumlah : 310 hits
Universiti Malaya s Awang Azman Awang Pawi KUCHING A political analyst has slammed Putrajaya s approval of 49 development projects worth RM2 28 billion in Sandakan describing it as a bait for the by election on May 11 Universiti Malaya s Aw...
Najib Trial Day 11 Rm4b Transferred From Kwap To Src In Two Tranches

Najib Trial Day 11 Rm4b Transferred From Kwap To Src In Two Tranches

papar berkaitan - pada 30/4/2019 - jumlah : 342 hits
The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 11th day at the Kuala Lumpur High Court today Malaysiakini brings you live reports of th...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

India Secebis Kenangan Di India Random Photos

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Takut Choi Taejoon Tak Suka Kim Jaeyoung Akui Gementar Rakam Babak Ciuman Bersama Park Shinhye

Jahak Natang Nim

Skandal Panas Dalam Negara Fashion Valet Rugi Kerajaan Rm43 9 Juta Apa Kaitan Dengan Mahathir

Tak Payah La Runding Bagi Pun Bukan Tahu Buat Kerja Menyakaw Ja

Kecantikan Puteri Tunggal Mawi Ekin Dipuji Sweetnya Cahaya Malaika Copy Paste Mawi

Janna Nick Menangis Rayu Henti Tanya Soal Zuriat Pernah Cuba Ivf Tapi Gagal