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KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak wielded absolute power in decision-making when it came to SRC International Sdn Bhd, including the utilisation and disbursement of a RM4bil loan from the Retirement Fund Inc (KWAP), the High Court heard.
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak wields absolute power in decision-making when it comes to SRC International Sdn Bhd, including the utilisation and disbursement of a RM4bil loan from the Retirement Fund Inc (KWAP), the High Court heard on Tuesday (March 26).
KUALA LUMPUR: A sum of US$15mil (RM70mil) was transferred out of SRC British Virgin Islands (SRC BVI) to a company called Muraset Ltd, and ended up being funnelled to several people, including the son of a former Mongolian prime minister and a politician in 2011, the High Court has heard.
KUALA LUMPUR: Some US$60mil flew out of SRC International for the purpose of a joint venture (JV) between its subsidiary SRC BVI and the government of Abu Dhabi relating to a coal mine that ended up not producing coal or generating revenue from mining operations, the High Court heard.