KUALA LUMPUR (Bernama): State-owned sovereign wealth fund, 1Malaysia Development Berhad (1MDB), Social Security Organisation (Socso) and Malaysians suffered losses from the RM5 billion bonds in Islamic medium term notes (IMTN) issued by Terengganu Investment Authority Berhad (TIA).
Former 1MDB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi, 49, said the issuance of the bonds, however, benefited a foreign company, Aktis Capital, which was linked to fugitive businessman Low Taek Jho, or Jho Low.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
