“For example, to buy PLUS Highway, the Government has to fork out RM30 billion. To spend this amount, it is better for us to spend it on reducing our debt burden. So, at this juncture, we have not decided yet on what we're supposed to do in relation to toll,” said Dr Mahathir.
“We have decided that local contractors [will] be given jobs, but whether they are bumiputeras or non-bumiputeras has not been decided,” Dr Mahathir said.
Amirah, the 34th prosecution witness, insisted that she had willingly said in her statement that the two RM2 billion loans to SRC was amongst the largest she had seen during her tenure in KWAP. "I wanted to put this," she said, before Harvinderjit ended his cross-examination.
Halijah verified a total of 16 transactions involving the above-mentioned parties over eight days — in July, August, December 2014, and January 2015.
The forfeiture action is against assets said to be from funds illegally gained from 1MDB.
Amirul said he had recommended that the SRC loan be capped at RM1 billion, versus the initial requested amount of RM3.95 billion, in order to mitigate the repayment risk.
The fund’s loans are not supposed to exceed a company’s shareholder equity limit.
"Throughout my experience in my service in KWAP, both of the loans to SRC amounting to RM4 billion was amongst the largest I have seen approved by KWAP," Amirul Imran told the High Court today.
The approved loan was to be used for general investment "without limitations".
High Court judge Collin Lawrence Sequerah: From my understanding of the submission, the performance of the Umrah, although highly recommended during the fasting month, is not something compulsory. That is, therefore not a desperate need, nor is there an obligation, on the applicant to perform the Umrah.
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