How did RM1 billion turn into RM2 billion, judge asks witness
Former KWAP chief executive officer Azian Mohd Noh told the Kuala Lumpur High Court today she cannot recall the sequence of events leading to SRC International’s RM2 billion loan from the retirement fund. – The Malaysian Insight pic by Seth Akmal, May 29, 2019.
TRIAL judge Mohd Nazlan Mohd Ghazali today questioned former KWAP chief executive Azian Mohd Noh on a gap in her testimony over how its loan recommendation for RM1 billion to SRC International in 2011 ended up becoming RM2 billion., received its first loan of RM2 billion in four tranches of RM500 million each on August 29, 2011.
Kuala Lumpur High Court judge Nazlan addressed the witness directly – an uncommon occurrence – on the chronological gap in her witness statement. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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