Pegawai Kementerian Kewangan, Afidah Azwa Abdul Aziz berkata jika tidak berbuat demikian, kerajaan perlu menyelesaikan jumlah utama dalam masa 30 hari jika gagal membayar hutang.
Finance ministry official Afidah Azwa Abdul Aziz said otherwise the government would have to settle the principle amount within 30 days in the event of a default.
Mazidah Abdul Majid berkata, Najib Razak mendapatkan kelulusan Kabinetnya untuk menawarkan jaminan kerajaan ke atas pinjaman RM2 bilion SRC International pada 8 Februari 2012.
Former SRC chairman Ismee Ismail says 2 accounts were opened in Ambank as the board was not informed of existence of the first account.
Former SRC International chairman tells High Court that its CEO Nik Faisal did not tell the board he had written to Najib seeking a loan from KWAP.
Azian Mohd Noh, however, tells the Najib money-laundering trial she cannot speak for the investment panel members who approved the RM4 billion loan.
Ex-KWAP chief Azian Mohd Noh says Najib Razak's special officer gave her a letter but not an application with supporting documents.
Najib Razak signed the guarantee letter on March 27, 2012 but finance ministry official Maliami Hamad only wrote to KWAP the following day to approve the loan to SRC.
Najib didakwa atas 3 tuduhan pecah amanah, 1 tuduhan salah guna kedudukan dan 3 tuduhan pengubahan wang haram membabitkan dana SRC International Sdn Bhd berjumlah RM42 juta.
KWAP's investment panel approved RM2 billion as its chairman informed members present that Najib wanted SRC's application expedited.
But it must move quickly to quell the continuous insidious plays on race, religion and royalty.
KWAP suggested a higher interest rate of 4.6% but the deal went through as it was a government-guaranteed loan, says its former vice-president.
Nik Faisal Ariff Kamil, whom MACC was seeking along with Jho Low, is widely believed to be in Indonesia.
SRC pada mulanya memohon RM3.95 bilion tetapi KWAP hanya meluluskan RM2 bilion pada 2011 dan RM2 bilion lagi pada tahun berikutnya.
Former KWAP vice-president Amirul Imran Ahmat says the loans, made in two batches, were among the largest ever agreed to by the fund.
KWAP's ex-senior executive Amirul Imran Ahmat says he had seen a guarantee letter for the loan signed by former second finance minister Ahmad Husni Hanadzlah.
Bank manager says the transactions were conducted via the Real Time Electronic Transfer of Funds and Securities system.
Putrajaya dijangka perlu membuat bayaran faedah sama bagi tahun ini dan seterusnya, jika hutang 1MDB tidak distrukturkan semula.
However, the finance minister declines to go into specifics on the matter.
Nik Amlizan Mohamed menggantikan Lodin Wok Kamarudin berkuat kuasa hari ini.
It says the properties are located in Birmingham and Edinburgh.
Pembelian penginapan penuntut di Birmingham dan Edinburgh sejajar dengan aspirasi meningkatkan pendedahan terhadap hartanah antarabangsa.
These include Khazanah, EPF, KWAP, LTAT, PNB and Lembaga Tabung Haji.
CEO says total fund size increased to RM140.80 billion — 'a staggering growth of 235.7% in a short span of a decade'