Govt bid to recover RM4b given by SRC to 3 offshore companies

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The finance minister says legal action will be taken to recoup as much as much possible. FMTNews

Finance Minister Lim Guan Eng says the sum does not include the RM42 million which is the subject of Najib Razak’s SRC International trial.

Finance Minister Lim Guan Eng said SRC transferred a total of RM3.6 billion out of the country after it was loaned RM4 billion by Retirement Fund Inc . “Since a big portion of these funds were used around the world, the government is taking steps to recover as much of the RM4 billion given out as possible.

The case is related to former prime minister Najib Razak’s six charges of money laundering and criminal breach of trust in the alleged transfer of RM42 million to his account from SRC International.

 

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