by Ganesh Sahathevan
Copied and pasted below is page 218 of KWAP's 2016 Annual Report. As readers can see there has been a sudden and unexplained increase in receivables from brokers. One would think that a RM 700 million increase in receivables would be explained, but not here.
Interest income from receivables has also risen, by RM 70 million.Interest on THAT loan , the "SRC International money in Singapore loan", would be about RM 132 million per annum, assuming a rate of 3% on about RM 4.4 Billion.
In 2014, interest receivables were only about RM 121 million.
Meanwhile , KWAP CEO Datuk Wan Kamaruzaman Wan Ahmad has had this to say about the SRC loan: