Govt loans usually take 1-3 months to process, says SRC International witness


Bede Hong

Former Treasury secretary-general Mohd Irwan Serigar Abdullah says it is not the norm for government loan application approvals to take less than a month. – The Malaysian Insight pic by Seth Akmal, February 5, 2020.

FORMER Treasury secretary-general Mohd Irwan Serigar Abdullah testified that it was not the norm for government loan application approvals to take less than a month, the Kuala Lumpur High Court heard today.

Previous witnesses, including seniors at the Retirement Fund Inc (KWAP), said they were pressured to rush through the RM4 billion in loans to SRC International Sdn Bhd in 2011 and 2012.


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