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Terengganu Sultan smelt a Jho low-Najib rat: “I was stunned and felt something was wrong”

September 25, 2019

Ex-1MDB CEO reveals Ruler was upset and ordered a stop to TIA’S RM5 billion bond issue until “new terms were set”

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KUALA LUMPUR — Sultan Mizan Zainal Abidin was upset with the terms of the Terengganu Investment Authority’s RM5 billion bond issuance, Datuk Shahrol Azral Ibrahim Halmi told the High Court today.

The former chief executive of TIA said the Terengganu Sultan had also ordered that the fundraising attempt be discontinued until new terms were set.

In March 2009, TIA (now 1MDB) picked AmInvestment Bank Berhad to lead the issue of the RM5 billion in Islamic medium-term notes (IMTN).

To my memory, His Highness said ‘please sign this resolution, you can read it if you want.’ I was stunned and felt that something was wrong with His Highness Tuanku Mizan tone, which sounded angry.

I look to Tan Sri Ismee and did not say anything. I was puzzled why was His Highness Tuanku Mizan was angry and asked me to sign the resolution,’’ he said.

At the time, Sultan Mizan’s sister, Tengku Rahimah Almarhum Sultan Mahmud, had been one of TIA’s directors.

She had been appointed as the fund was then a fully-owned subsidiary of Terengganu’s Mentri Besar Incorporated.

-Malay Mail

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