Najib put retirees’ savings at risk, Court of Appeal hears

PUTRAJAYA: Datuk Seri Najib Razak had failed to protect pensioners’ savings when a RM4bil loan from the Retirement Fund Inc (KWAP) was given to SRC International Sdn Bhd, a company which he was said to have personal interest in, the Court of Appeal heard.

Ad hoc prosecutor Datuk V. Sithambaram told a three-man bench of the appellate court that SRC International, a subsidiary of troubled sovereign wealth fund 1Malaysia Development Bhd (1MDB), was established with the support of Najib.