Witness: I could have been wrong over Najib’s intent on bond

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 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.

TIA was then owned by the Mentri Besar Incorporated, with Terengganu Ruler Sultan Mizan Zainal Abidin as the majority owner.