The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 29th day today at the High Court in Kuala Lumpur.
Malaysiakini brings you live reports of the proceedings.
KEY HIGHLIGHTS
The 29th day of Najib Abdul Razak's RM42 million SRC International trial may see two witnesses take the stand – Finance Ministry Strategic Investment Division deputy secretary Afidah Azwa Abdul Aziz, and former cabinet deputy secretary-general Mazidah Abdul Majid.
When proceedings resume before Kuala Lumpur High Court judge Mohd Nazlan Mohd Ghazali today, the former premier's defence team may continue its cross-examination of 41st witness Afidah, who delivered two bombshells over SRC International's debt status yesterday.
Firstly, she told the court that SRC International, which was fully-owned by the Minister of Finance Inc, not only failed to service its RM4 billion in loans from Retirement Fund Inc (KWAP) but also could not meet the interest payments.
This flew in the face of previous media reports quoting KWAP reiterating that SRC International had been servicing its debts since 2016.
Secondly, Afidah revealed that the federal government had loaned RM642 million to SRC International between 2015 and 2017 for the company to service said interest payments and thus avoid defaulting.
This would have further burdened the government as it was the guarantor for the RM4 billion loan sum.
The defence may also resume its cross-examination of 40th witness Mazidah. Her cross-examination was cut short yesterday, as she had yet to produce a few documents related to cabinet meetings chaired by Najib.
Two days ago, Mazidah testified that cabinet meetings in August 2011 and February 2012 passed a resolution for the government to guarantee the two loans from KWAP to SRC International.
- Mkini
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