Kuala Lumpur: An asset recovery specialist told the High Court here that there was no evidence to show former prime minister Najib Razak “returned” a purported US$120 million from SRC International to Singapore-registered firm Tanore Finance Corporation.
KUALA LUMPUR: The High Court here was told that a RM1.8bil loan taken out by SRC International Sdn Bhd from Retirement Fund Inc (KWAP) was never used for investments in the energy and resource sectors, a purpose it was intended for.
KUALA LUMPUR: Some US$120mil of the loan from Retirement Fund Inc (KWAP) to SRC International Sdn Bhd landed in Datuk Seri Najib Razak's bank account between 2011 and 2012, the High Court here was told.
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