Former Prime Minister, Datuk Seri Najib Razak arrives at the Court of Appeal in Putrajaya April 15, 2021. — Picture by Shafwan ZaidonPUTRAJAYA, April 15 — SRC International Sdn Bhd’s entire business plan was a sham despite getting RM4 billion in loans from the Retirement Fund Incorporated with which achieved nothing, the Court of Appeal heard today.
SRC International previously obtained two loans totalling RM4 billion from KWAP through two Government Guarantees that Najib had signed off on as prime minister and finance minister during two Cabinet meetings held in August 2011 and February 2012. As Sithambaram was submitting, Najib’s lawyer Harvinderjit Singh then stood up to voice his disagreement.
Allowed to resume his submission, Sithambaram informed the court that the prosecution had faced “objections” throughout the trial in the High Court. “Your Lordship is right. On paper SRC International put up a proposal but there was nothing to show, nothing at all,” he said in reply.
Shame on u as the pm that time.