PUTRAJAYA: The Court of Appeal was told that what had happened to the RM4bil loaned by the Retirement Fund Inc (KWAP) to SRC International Sdn Bhd was a theft and not a misappropriation of funds by former prime minister Datuk Seri Najib Razak. The monies were on loan from KWAP to SRC International for the purpose of investments where SRC should have gained profits from. It was a theft, ” the lawyer added. The lawyer also submitted that Najib should not be held liable for the alleged actions of his mandate holder, Nik Faisal Ariff Kamil, who is also a former SRC CEO. “We should deal directly with who misappropriated the money, ” Harvinderjit said.

Source: The Star April 08, 2021 23:26 UTC