KUALA LUMPUR: Malaysians were the losers when the Terengganu Investment Authority (TIA) issued Islamic Medium Term Notes (IMTN) worth RM5bil, the High Court heard.
TIA, which was later renamed 1Malaysia Development Bhd (1MDB), along with the Employees Provident Fund (EPF) and the Social Security Organisation (Socso), all suffered losses from the issuance of the said bonds.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!