Ambank never told Najib or TIA board about bond flipping, court hears | The Malaysian Insight

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Ambank never told Najib or TIA board about bond flipping, court hears

The High Court in Kuala Lumpur hears how former prime minister Najib Razak was unaware that Low Taek Jho was involved in bond swapping for Terengganu Investment Authority. – The Malaysian Insight pic by Nazir Sufari, October 9, 2019.

AMBANK never told the Terengganu Investment Authority board or the accused that it was involved in bond flipping that allegedly made companies linked to Low Taek Jho hundreds of millions of ringgit, former 1Malaysia Development Bhd CEO Shahrol Azral Ibrahim Halmi testified at Najib Razak’s trial today.

This was in relation to a bond sale by Terengganu Investment Authority on May 29, 2009, which sought to raise RM5 billion to develop Pulau Bidong in Terengganu. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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