Najib’s trial: Witness says KWAP released RM2b before govt guarantee | Malay Mail

Datuk Seri Najib Razak is seen at the Kuala Lumpur Court Complex May 29, 2019. — Picture by Hari Anggara

KWAP had on March 23, 2012 offered a second loan of RM2 billion to SRC International with the condition that it was backed by a government guarantee, and with the loan agreement signed on March 27, 2012. Also during cross-examination, Azian was asked whether she had any doubt that the government guarantee would reach within 10 days.

When asked by Najib’s lawyer Datuk Mohd Yusof Zainal Abiden if this situation — of KWAP releasing money to a borrower in a government-guaranteed loan before the guarantee letter reached — has happened before, Azian replied: “Not during my career in KWAP.”

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I didn’t take Najib's SRC loan proposal consent as an order, says ex-KWAP CEOAzian Mohd Noh, however, tells the Najib money-laundering trial she cannot speak for the investment panel members who approved the RM4 billion loan.
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