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In Najib trial, witness says Cabinet told SRC International was RM1 company without track record when govt guarantees sought | Malay Mail

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In Najib trial, witness says Cabinet told SRC International was RM1 company without track record when govt guarantees sought

Datuk Seri Najib Razak is seen at the Kuala Lumpur Court Complex July 9, 2019. — Picture by Hari Anggara

The information included the fact that SRC International was a newly set up company with a RM1 million capital and that it had no existing track record, the Finance Ministry’s Loan Management, Financial Market and Actuary Division former secretary Datuk Maliami Hamad said under cross-examination by Najib’s lawyer Tan Sri Muhammad Shafee Abdullah.

Muhammad Shafee: Would you agree that in the preparation of the Cabinet memorandum, the clinical facts presented in the memorandum, there was no deceit to mislead the Cabinet?Muhammad Shafee: And the memo for second government guarantee also had an additional fact, which mentions that the company had previously taken an RM2 billion loan, and that if this second guarantee is given, it will become RM4 billion? And this was explained to the Cabinet clearly?Former Finance Ministry deputy...

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Ex-director says SRC International not ‘normal’ company after Najib made adviser emeritus | Malay MailKUALA LUMPUR, July 8 — SRC International Sdn Bhd stopped being run like a “normal” company after its Memorandum and Articles of Association was changed in April 2012 to make Datuk Seri Najib Razak its “adviser emeritus, former director Datuk Suboh Md Yassin told the High Court today. Under...
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