The pensioners’ retirement fund KWAP approved a RM4 billion loan to SRC International Sdn Bhd.
PETALING JAYA: The finance ministry today said it is committed to ensuring that there are adequate allocations to repay the pensioners’ retirement fund , which approved a RM4 billion loan to SRC International Sdn Bhd.Finance Minister Lim Guan Eng said the onus is on the federal government to comply with financing the scheduled repayments since Putrajaya guaranteed the payments.
“Based on the repayment schedule, the next repayment date is on Sept 30, involving an amount of RM43,023,748 ,” he said.Lim also said this proves that the ministry, despite being in financial difficulties, is able to manage the financial burdens of the 1MDB and SRC scandals that have been inherited from the previous administration.
He is also accused of abusing his power as prime minister by giving government guarantees on SRC International’s RM4 billion loan from Retirement Fund Inc.