M’sians were the losers, court heard

In the dock: Najib leaving the courthouse after the end of the 19th day of the 1MDB trial. — Bernama

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.