KUALA LUMPUR: The High Court here has been told that Datuk Seri Najib Razak was the "shadow director" of SRC International Sdn Bhd and was personally and directly involved in handing out cheques worth RM16mil and RM3.5mil to Umno and Selangor Umno. Lawyer Razlan Hadri Zulkifli, representing SRC and its subsidiaries, Gandingan Mentari Sdn Bhd and...
KUALA LUMPUR: Some US$120mil of the loan from Retirement Fund Inc (KWAP) to SRC International Sdn Bhd landed in Datuk Seri Najib Razak's bank account between 2011 and 2012, the High Court here was told. Offshore asset recovery specialist Angela Barkhouse testified that the money entered Najib's personal AmBank account through three transactions from a company...
PETALING JAYA: Almost half of the 123 subsidiary companies under five federal agencies lost almost RM2bil in 2022, according to the Auditor-General’s Report on Federal Agencies 2022. The five agencies were Employees Provident Fund (EPF), Armed Forces Fund Board (LTAT), Federal Land Development Authority (Felda), Retirement Fund Inc (KWAP) and Lembaga Tabung Haji (LTH). These five federal...
