SRC’s short-term loan applications were not tabled in Cabinet: Witness

: The short-term loan applications by SRC International Sdn Bhd to the Ministry of Finance to settle outstanding payments to KWAP were not tabled in the Cabinet, the High Court here was told today.

Meanwhile, the prosecution’s 42nd witness, former non-executive director of SRC International Sdn Bhd, Datuk Suboh Md Yassin, said all of the company’s shares were transferred from 1MDB to the Minister of Finance Incorporated via a share transfer form signed by Nik Faisal. “Besides my signature, there are also signatures of all other SRC Board members, namely Tan Sri Ismee Ismail, Shahrol Azral Ibrahim Halmi, Datuk Che Abdullah @ Rashidi and Nik Faisal Ariff Kamil,“ he said, while also verifying the documents shown to him by DPP Datuk Ishak Mohd Yusoff.“The purpose of the financing application was for ‘working capital and general investment of SRC’, namely investment overseas.

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