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.
This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source