News about SRC

KUALA LUMPUR (July 18): Former AmBank managing director (MD) Cheah Tek Kuang told the High Court here yesterday that fugitive businessman Low Taek Jho was at Datuk Seri Najib Razak’s personal home in Jalan Langgak Duta, when he went there in 2011 to help open the former premier’s bank accounts.

KUALA LUMPUR (July 16): Former Yayasan Rakyat 1Malaysia (YR1M) chief executive officer Ung Su Ling told the High Court here today that the instructions to transfer RM27 million and RM5 million on December 26, 2014 and RM10 million on February 10, 2015 into Datuk Seri Najib Razak's accounts at AmBank came from his late private secretary Datuk Seri Azlin Alias.

KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay back more than RM9.

KUALA LUMPUR (July 15): Transactions from accounts linked to fugitive businessman Low Taek Jho — better known as Jho Low — into the AmBank account of Datuk Seri Najib Razak in 2015 included transaction details which described them as loan payments, and not donations as the former prime minister had claimed previously.

KUALA LUMPUR (July 15): Datuk Seri Najib Razak had racked up charges of RM3.

  KUALA LUMPUR (July 12): Datuk Seri Najib Razak (pictured) will be withdrawing his appeal against the High Court's decision to reject his application to strike out seven charges he is facing over RM42 million of SRC International Sdn Bhd's funds.

KUALA LUMPUR (July 12): A Bank Negara Malaysia (BNM) officer testified yesterday he noticed the name of fugitive businessman Low Taek Jho, better known as Jho Low, in data extracted from a mobile telephone belonging to a bank officer who handled former premier Datuk Seri Najib Razak’s personal accounts.

  KUALA LUMPUR (July 11): SRC International Sdn Bhd, a former unit of 1Malaysia Development Bhd, could have been the next Petroliam Nasional Bhd (Petronas), but former prime minister Datuk Seri Najib Razak has not expressed any plans for the company when instructing Kumpulan Wang Persaraan (Diperbadankan) (KWAP) to expedite its first loan approval.

  KUALA LUMPUR (July 10): Former Prime Minister Datuk Seri Najib Razak told former Treasury Secretary-General Tan Sri Wan Abdul Aziz Wan Abdullah (pictured) to double the amount Retirement Fund Inc (KWAP) is loaning to SRC International Sdn Bhd to RM2 billion, said the latter in court today.

KUALA LUMPUR (July 10): Former Treasury Secretary-General Tan Sri Wan Abdul Aziz Wan Abdullah told the High Court today that he was directly instructed by former Prime Minister Datuk Seri Najib Razak to expedite the approval process for a second RM2 billion loan from the Retirement Fund Incorporated (KWAP) to SRC International Sdn Bhd.