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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Let's strengthen BN-GRS cooperation for Sabah's benefit, says Zahid
Border agency seizes RM2mil worth of contraband nationwide
Border Control officers seize illegal frozen pork worth over RM650,000
New 'base plan' medical insurance to make coverage more affordable, says Bank Negara
Cops launch probe into alleged 12-year-long abuse case
Mining bribery case: Joint trial of former reps to begin on June 15
Two Immigration officers nabbed for masterminding online passport renewal syndicate
Logistics sector urges caution in revised testing protocol for lorry brakes
Two more senior Armed Forces officers expected to be charged next week, says Azam Baki
India lauds Malaysia for comprehensive labour reform agenda

Others Also Read