KWAP – OwhYes !

12MarMarch 12, 2024

US$120mil from KWAP loan to SRC landed in Najib’s account, court told

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...

By Stephanie Chanmalaysia, NewsAngela Barkhouse, Asset Recovery Specialist, KWAP, Lawsuit, Loan, Najib Razak, Private Account, SRC International0 CommentsRead more...

07MarMarch 7, 2024

Subsidiaries under five federal agencies lost almost RM2bil in 2022

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...

By Stephanie Chanmalaysia, News2022, Auditor-General's Report, Epf, Felda, KWAP, Losses, LTAT, LTH, Subsidiary Companies0 CommentsRead more...

Tag - KWAP