Ng entered his plea in Brooklyn federal court on Monday, just hours after being flown back to the United States.
An agreement was finally worked out between the US and Malaysian authorities last week.
"Throughout my experience in my service in KWAP, both of the loans to SRC amounting to RM4 billion was amongst the largest I have seen approved by KWAP," Amirul Imran told the High Court today.
The approved loan was to be used for general investment "without limitations".
The exercise price of the warrants will be determined by the board of directors at a later date. The tenure of the warrants will be three years.
“We (the government) heard the rumours from the Press that the land has been taken over by the Sultan of Johor. About payment we do not know.”
Perak Corp awards housing project to Rapat Setia, with guaranteed proceeds of sale entitlement of RM21m
The development features 303 units of one- and two-storey terrace houses. Rapat Setia will complete the development within 24 months.