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.
A deeper look at private jet operator Jet Valet Sdn Bhd, whose Beechcraft Model 390 aircraft crashed in Bandar Elmina, Shah Alam last month, has revealed the presence of prominent corporate figures whose other entities have come under the radar of authorities.
