Najib Defends Action In Approving RM3.95 Billion KWAP Loan For SRC, Court Heard
KUALA LUMPUR, Datuk Seri Najib Tun Razak told the High Court here today that he had greenlighted an application letter from former SRC International Sdn Bhd chief executive officer Nik Faisal Ariff Kamil for RM3.95 billion loan to ensure the company had sufficient funds to pursue its investments in the energy and natural resources sectors. The approval came in a two-page letter seeking the RM3.95 billion from the Retirement Fund Inc (KWAP) and signed by Nik Faisal with Najib’s handwritten note dated June 5, 2011, stating ‘Bersetuju dengan cadangan ini (Agreed with this proposal)’. ‘I want SRC to have sufficient