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RM5bil bonds: Malaysians suffered losses, while Jho Low-linked company benefited
KUALA LUMPUR (Bernama): State-owned sovereign wealth fund, 1Malaysia Development Berhad (1MDB), Social Security Organisation (Socso) and Malaysians suffered losses from the RM5 billion bonds in Islamic medium term notes (IMTN) issued by Terengganu Investment Authority Berhad (TIA).
Witness: Najib's face neutral on hearing Sultan Mizan angry over RM5bil TIA bond
KUALA LUMPUR (Bernama): The High Court here heard on Wednesday (Oct 9) that Datuk Seri Najib Tun Razak's facial expression was neutral when he was told that the then Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin was angry over the Terengganu Investment Authority Bhd's (TIA) RM5bil bonds issuance.
Witness agrees that Jho Low placed ‘people around him’ in TIA
KUALA LUMPUR: Fugitive financier Low Taek Jho brought in several “people around him” into the Terengganu Investment Authority (TIA), which was later known as 1Malaysia Development Bhd (1MDB), the High Court heard.
Najib's 1MDB trial: Ex-CEO tells court he has never seen Jho Low's signature
KUALA LUMPUR: The former 1Malaysia Development Bhd (1MDB) CEO has never seen the signature of fugitive financier Low Taek Jho, or Jho Low, on company documents, despite the latter’s heavy involvement in the sovereign state fund, the High Court heard on Tuesday (Oct 8).
1MDB trial: Jho Low installed his cronies in TIA, says witness
KUALA LUMPUR (Bernama): The former chief executive officer of 1Malaysia Development Bhd (1MDB) told the High Court here Tuesday (Oct 8) that fugitive businessman Jho Low had brought his cronies into the Terengganu Investment Authority Bhd (TIA), which later became 1MDB.
Jho Low worked for free as TIA's advisor, says witness
KUALA LUMPUR (Bernama): The High Court here was told Tuesday (Oct 8) that fugitive businessman Low Taek Jho or Jho Low was never paid for his services as an advisor of Terengganu Investment Authority Berhad (TIA).
Najib's 1MDB trial: No chance to inform Sultan Mizan about financial inexperience, says former CEO
KUALA LUMPUR (Bernama): Former 1Malaysia Development Berhad CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court here Tuesday (Oct 8) that he had no opportunity to tell the then-Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin that he had no experience in financial matters.
Ex-1MDB CEO sceptical of Low only after probe started, court told
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chief executive officer told the High Court here that he never doubted fugitive financier Low Taek Jho until the authorities began investigating the sovereign wealth fund in 2015.
Former 1MDB CEO did not blame Najib over scandal, court hears
KUALA LUMPUR: A witness told the High Court that he did not blame former prime minister Datuk Seri Najib Razak over the scandal involving 1Malaysia Development Berhad (1MDB).
‘1MDB was RM30bil in debt’
KUALA LUMPUR: As it was fully owned by the Finance Ministry, massive debt amassed by 1Malaysia Development Bhd (1MDB) had to be borne by the government, says a key witness in Datuk Seri Najib Razak’s trial.
