MoF has paid RM43 million in interest to KWAP on Oct 1, bringing the total amount paid on behalf of SRC to RM1.73 billion.
The finance minister says legal action will be taken to recoup as much as much possible.
Berdasarkan jadual pembayaran balik, tarikh pembayaran berikutnya adalah pada 30 September 2019 melibatkan amaun sebanyak RM43,023,748.31 (faedah).
Former Treasury official says a representative of Minister of Finance Inc is usually appointed as a director in the company.
Bekas ketua setiausaha perbendaharaan Kementerian Kewangan, berkata ini berbeza dengan projek lain yang mendapat desakan disegerakan oleh perdana menteri.
Official involved in approving loan says money was given for venturing into natural resources sector but there is no project to show for it and that he doesn’t know what happened to the money.
Najib Razak mengarahkan demikian dalam satu panggilan telefon yang menurut saksi ke-45 ia adalah amalan luar biasa.
Former senior finance ministry officer says 'time was running out' to prepare paper for the Cabinet.
He cannot explain how his exact words also appear in the SRC chairman Ismee Ismail's witness statement.
Afidah Azwa Abdul Aziz says she was told to speed up the drafting of the Cabinet papers.
Finance ministry official tells Najib Razak trial that SRC International also failed to provide information about its account in a Swiss bank which it claimed had been ‘frozen’.
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.