"I think SRC (International) is one of the companies (that) is facing a problem," he told the reporters after officiating Asian Strategy & Leadership Institute (ASLI)'s 21st Malaysian Capital Market Summit "Beyond Boundaries, Soaring Higher" here today. To recap, SRC International was set up by Prime Minister Datuk Seri Najib Razak's government in early 2011 to pursue strategic overseas investments in energy resources. Now owned by the Ministry of Finance (MoF), SRC International is under pressure to meet interest payments on its borrowings of RM4.3 billion, primarily owed to pension fund Retirement Fund Inc (KWAP). It was reported that SRC International pays annual interest of RM164 million to KWAP. I was told by the management of SRC that the money in the BSI Bank was frozen, therefore they cannot take back the money," he explained.

Source: The Edge Markets November 01, 2016 09:44 UTC