KUALA LUMPUR, March 17 Former prime minister Datuk Seri Najib Razak’s lawyer today tried to suggest that Datuk Shahrol Azral Ibrahim Halmi the former CEO of 1Malaysia Development Berhad (1MDB) and its predecessor Terengganu Investment Authority (TIA) had committed wrongdoing in signing.
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.
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Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh testified on Wednesday (Dec 22) that Datuk Seri Najib Razak, who was then prime minister, did not respond to his text messages about the outflow of US$700 million to an unknown entity.
Engineering-solutions provider Serba Dinamik Holdings Bhd's indirect wholly-owned subsidiary SD International Sukuk Ltd is reported to have defaulted on the latter's US$7 million (about RM29.53 million) semi-annual coupon payment on the outstanding US$222 million senior Islamic bond or sukuk issued by SD International, according to Malaysian Rating Corp Bhd analysts.