Verdict so far (10.30 am): Judge rules there is no dispute retirement fund loan to SRC was ‘rushed’

Najib was the finance minister and was in charge of KWAP when a loan to SRC was rushed. Source (pic): TTF Files

كڤوتوسن سهيڠڬ كيني ﴿10.30 ڤاڬي﴾: حاكيم ڤوتوسكن ڤينجامن ك سرچ ءديڬڬسكنء تيدق داڤت دڤرتيكاي

According to a live report, High Court Judge Justice Mohd Nazlan has ruled that the accused, Datuk Seri Najib bun Tun Abdul Razak, was involved in the establishment of SRC International Sdn Bhd.

According to the report, Mohd Nazlan also ruled that there was no dispute that the cabinet’s approval for the Retirement Fund Incorporated (KWAP) first RM2 billion loan to SRC International was “rushed”.

Najib was charged with one count of abuse of power, three counts of criminal breach of trust (CBT), and three counts of money laundering, all involving RM42mil misappropriated from SRC International Sdn Bhd, a 1MDB subsidiary.

He faces imprisonment of up to 20 years and a fine for the abuse of power charge; up to 20 years’ prison, whipping and a fine for the three CBT charges; and up to 15 years in jail and a fine for the money laundering charges.


KUALA LUMPUR: According to a live report, High Court Judge Justice Mohd Nazlan has ruled that the accused, Datuk Seri Najib bun Tun Abdul Razak, was involved in the establishment of SRC International Sdn Bhd.

According to the report, Mohd Nazlan also ruled that there was no dispute that the cabinet’s approval for the Retirement Fund Incorporated (KWAP) first RM2 billion loan to SRC International was “rushed”.




For this loan, the judge states that Najib made a request and it was ultimately conveyed to KWAP’s investment panel.

At the time, Najib was the finance minister and was thus in charge of KWAP.

Najib was charged with one count of abuse of power, three counts of criminal breach of trust (CBT), and three counts of money laundering, all involving RM42mil misappropriated from SRC International Sdn Bhd, a 1MDB subsidiary.

He faces imprisonment of up to 20 years and a fine for the abuse of power charge; up to 20 years’ prison, whipping and a fine for the three CBT charges; and up to 15 years in jail and a fine for the money laundering charges.

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