Putrajaya forks out RM600m, as SRC is unable to service KWAP loans

NAJIB TRIAL | Since 2016, Retirement Fund Inc (KWAP) repeatedly stressed to the media that SRC International Sdn Bhd, a former 1MDB subsidiary, had been making regular payments on its RM4 billion in loans from the pension fund.

However, a witness told the High Court in Kuala Lumpur today that since 2015, SRC International had been unable to service the interest on its two tranches of RM2 billion loans each...