Hornbill Unleashed

October 16, 2016

Guilty As Charged: Accused Of Stealing Pensioners Money, Najib Can Only Offer Excuse Details Of Rm4bil Kwap Loan To SRC Cannot Be Revealed Yet

Filed under: Politics — Hornbill Unleashed @ 9:01 PM

Najib Razak said details on the RM4 billion loan from Retirement Fund Inc (KWAP) to SRC International cannot be revealed as it has not to been audited.

Najib, who is also Finance Minister, in a written reply to Datuk Mohd Ariff Sabri Abdul Aziz (DAP-Raub) said 1Malaysia Development Bhd (1MBD), the former parent company of SRC International, would not reveal such information before it was audited.

“The information requested (by Ariff) is part of the information that has not been audited. “

1MDB has a standard practice where only detailed information that has been audited will be shared to the public to ensure that the information is accurate and genuine,” he said.

Raub had asked the finance minister to state where the remainder of the RM4 billion loan was after RM10 million from the total was allegedly used for a Mongolian coal mine.

He had also asked Najib to state the whether the money had been returned to KWAP. It was reported that KWAP had loaned RM4 billion to SRC International in 2011 to purchy coal mines from Gobi Coal & Energy.


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