News about SRC International

KUALA LUMPUR (Dec 11): Former prime minister Datuk Seri Najib Razak contended that it was the responsibility of the management in SRC International Sdn Bhd to retrieve the funds back from the company's frozen bank account in Switzerland, not him.

KUALA LUMPUR (Dec 11): Former prime minister Datuk Seri Najib Razak today claimed he did not know how funds in SRC International Sdn Bhd were spent after the RM2 billion loan was disbursed by the Retirement Fund Inc (KWAP).

KUALA LUMPUR (Dec 11): The decisions regarding the initial loan application to Retirement Fund Incorporated (KWAP) amounting to RM3.

KUALA LUMPUR (Dec 10): Datuk Seri Najib Abdul Razak maintained his position that despite his agreement to a suggestion that the Retirement Fund Incorporated (KWAP) extends a RM2 billion loan to SRC International Sdn Bhd, the decision still lies with KWAP's investment board on whether to approve or reject the loan.

KUALA LUMPUR (Dec 10): AMMB Holdings Bhd (AmBank Group) and its subsidiary AmBank Islamic Bhd have appointed solicitors to fight the suit filed by former prime minister Datuk Seri Najib Abdul Razak, in relation to the handling of his current accounts with AmBank Islamic.

KUALA LUMPUR (Dec 10): Datuk Seri Najib Abdul Razak has filed a suit against AmBank Islamic Bhd, AMMB Holdings Bhd and AmBank relationship manager Joanna Yu Ging Ping in relation to the accounts under the former premier's name, which were utilised for the purpose of diverting funds from SRC International Sdn Bhd.

KUALA LUMPUR (Dec 10): Former premier Datuk Seri Najib Abdul Razak today explained, on the witness stand at the High Court, that his close to a half million ringgit Chanel watch purchase for his wife Datin Seri Rosmah Mansor was for her birthday and as a means to make up for cutting short their family holiday in Honolulu in the United States.

  KUALA LUMPUR (Dec 9): Former prime minister Datuk Seri Najib Razak spent RM466,330.

KUALA LUMPUR (Dec 9): Former premier Datuk Seri Najib Abdul Razak said he was shocked to learn that fugitive financier Low Taek Jho — better known as Jho Low — was dealing with AmBank on the management of his personal accounts.

KUALA LUMPUR (Dec 9): Former premier Datuk Seri Najib Abdul Razak told the High Court today that his principal private secretary, the late Datuk Azlin Alias, informed him in 2014 that he would receive further donations in foreign funds from Saudi Arabia's King Abdullah in addition to US$800 million purportedly gifted by the monarch in early 2013.