An offshore-assets recovery specialist told the high court here today that some of the RM4 billion loan obtained by SRC International Sdn Bhd from Retirement Fund Inc (KWAP) was not invested in activities related to the energy and resources sector, as its intended purpose.
The Federal Court has dismissed former prime minister Datuk Seri Najib Razak’s application for leave to appeal in lifting a Mareva injunction which prevents him from dissipating assets worth RM42 million from SRC International Sdn Bhd.
Tan Sri Muhammad Shafee Abdullah has clarified that Datuk Seri Najib Razak is not seeking forgiveness in his quest for a royal pardon. Instead, he contends that Najib was denied the opportunity for a fair trial in the SRC International Sdn Bhd case.
Former prime minister Datuk Seri Najib Razak has sent a letter of representation to the Attorney-General’s Chambers (AGC) to withdraw three other charges of money laundering involving SRC International Sdn Bhd (SRC) funds, amounting to RM27 million against him.
