KUALA LUMPUR: The Auditor General's 2021 Year-end Report revealed that SRC International Sdn Bhd has paid back 0.5 per cent only of the total loan provided by the government up to the end of last year.

Auditor General Datuk Seri Nik Azman Nik Abdul Majid said the 1MDB subsidiary company had received loans from the government amounting to RM600.80 million over three years. It was given RM91 million in 2015, RM213.68 million in 2016 and RM296.12 million in 2017.

"But up to Dec 31 last year, the company has only made repayments of RM3.25 million or 0.5 per cent of the total loan amount.

"This makes the company's loan arrears with the government amounting to RM597.55 million," he said in the report published today. 

SRC International also made loan withdrawals of RM4 billion from the Retirement Fund Incorporated (KWAP), which was guaranteed by the government.

It received RM2 billion in 2011 and RM2 billion in 2012, and the loan repayments began in 2014.

The KWAP loan principal balance last year amounted to RM985 million, which was a decrease of RM1.5 billion, or 60.4 per cent, compared with 2020, which amounted to RM2.485 billion.

"Last year, the government received the loan principal amounting to RM1.5 billion and interest amounting to RM40.29 million using development allocations," he said.

The Auditor General's 2021 Year-end Report was tabled in Parliament earlier today.