On day 13 of Najib Razak’s SRC International trial on 6 May, Patrick Teoh of the Malaysian Insight reports that the court heard how the Retirement Fund Incorporated (KWAP), breached its own guidelines in approving a RM4bn loan to SRC International, which only had RM1m in assets.
The loan, which was supposed to be used as working capital, was used for a myriad of purposes, including media monitoring and credit cards, to home renovations and even political espionage.
Thanks for dropping by! The views expressed in Aliran's media statements and the NGO statements we have endorsed reflect Aliran's official stand. Views and opinions expressed in other pieces published here do not necessarily reflect Aliran's official position.
Our voluntary writers work hard to keep these articles free for all to read. But we do need funds to support our struggle for Justice, Freedom and Solidarity. To maintain our editorial independence, we do not carry any advertisements; nor do we accept funding from dubious sources. If everyone reading this was to make a donation, our fundraising target for the year would be achieved within a week. So please consider making a donation to Persatuan Aliran Kesedaran Negara, CIMB Bank account number 8004240948.