I may have been wrong in assuming Najib wanted to push for RM5bil TIA bonds, says former 1MDB director

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) non-executive director Tan Sri Ismee Ismail told the High Court here that he could have been wrong in his assumption that Datuk Seri Najib Razak wanted to push for the issuance of the RM5bil Islamic Medium Term Notes (IMTN) bonds by the Terengganu Investment Bhd (TIA) in 2009.

The witness was questioned by Najib's lawyer Datuk Hariharan Tara Singh on what had transpired during the early days of TIA's formation, an entity that was established on Feb 27, 2009, as a state investment arm but later morphed into 1MDB in September the same year.