Professional Documents
Culture Documents
TIA was established on February 27, 2009 and its ownership had
transferred from Terengganu state government via its Mentri Besar
Incorporated to the Finance Ministry-owned Ministry of Finance
Incorporated in August 2009. TIA was then renamed to be 1MDB on
September 25, 2009.
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
While cross-examining Ismee today, Hariharan repeatedly sought to
pin wrongdoing on the ninth prosecution witness Shahrol Azral in
relation to the issuance of RM5 billion bonds by TIA in May 2009 or
which was before TIA became 1MDB.
Hariharan then suggested Shahrol had withheld the TIA board’s May
22, 2009 resolution — that suspended the RM5 billion bonds issuance
— from AmIslamic, suggesting that the bank’s compliance would not
have placed its rubberstamp on the May 26, 2009 agreement.
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
Ismee however suggested that there could have been other
documents shown to AmIslamic bank.
“Yup, but I would believe that normally banks would have to see some
documents before they enter into agreements such as this, so that’s
why I believe that’s why there’s Ambank’s rubberstamp at those
clauses you mentioned. From my understanding, they may have
viewed certain documents represented by Datuk Shahrol to the bank,”
he said, noting that documents would also have to be shown for
something as simple as opening a bank account.
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
“So I’m not sure, there could be other documents that Datuk Shahrol
would have presented to the bank,” Ismee said.
High Court judge Datuk Collin Lawrence Sequerah also pointed out
that Shahrol had already
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
“been confronted” when he testified as a prosecution witness in this
trial, and also indicated that questions to Ismee as a former board
member should be those that are within his knowledge.
“If that is the case, counsel must be fair in addressing the witness,
because Shahrol did say he received instructions from the accused to
proceed with the IMTN. That should be put to the witness,” Mustaffa
said.
The judge then allowed the questions to be asked and suggested that
the prosecution could raise these points to Ismee later.
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
Hariharan then continued to suggest that there was “disobeyance” from
Shahrol in signing the documents to enable the RM5 billion bonds
issuance, but Ismee said he was not aware of this and also highlighted
his own testimony.
“If you read my witness statement, after meeting with Tuanku, Datuk
Shahrol informed or told me that this IMTN cannot be suspended,
because we had pushed the button,” Ismee said.
Shahrol said he had later informed Low Taek Jho of this and that he had
then on the same day went to Najib’s house as Low instructed.
Shahrol had also testified that Najib had asked for an explanation of
what transpired earlier that day at the Istana Terengganu in Kuala
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
Lumpur, noting that Najib had asked him to “go ahead” and proceed
with the RM5 billion fund-raising by saying: “You go ahead, I will talk to
Tuanku”.
“I took this as an instruction and mandate from the Prime Minister who
is also the Finance Minister to continue the IMTN because he is the
minister responsible for giving that government guarantee,” Shahrol had
at that time testified.
In November 2021, Ismee had told the 1MDB trial that Shahrol had ----
after signing the May 22, 2009 TIA board resolution to suspend the
bonds issuance ---- told him that the bonds issuance could not be
postponed as instructions had already been given to the bond’s lead
arranger AmBank.
“Datuk Shahrol told me, ‘we have already pushed the button’,” Ismee
had said then.
Earlier, Hariharan had also asked Ismee whether he had observed how
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
close Shahrol was with Low during TIA meetings.
However the judge pointed out that such questions would have already
been asked to Shahrol when he was testifying as a witness.
“This relationship between Shahrol and Jho Low, I think would have
been explored during Shahrol’s time on the stand, isn’t it?” the judge
asked. Hariharan said he wanted to establish this as there would be
issues on Shahrol’s alleged wrongdoing on the RM5 billion bonds
issuance, but the judge pointed out Shahrol had already been
Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for
RM5b bond, but prosecution reminds witness testified of Najib's
instructions. – The Malay Mail, Thursday, 17 Mar 2022 02:53 PM MYT
confronted on all these issues and said Ismee may not be in a position
to answer all these questions.
These events had taken place on May 22, 2009 which was
a Friday, while May 27, 2009 would be Wednesday on the
next week. The Terengganu sultan was then also the Yang
di-Pertuan Agong, and it is customary for the prime minister
— who was then Najib — to meet the Yang di-Pertuan
Agong on Wednesday before the weekly Cabinet meetings
on the same day.
“It appears that Datuk Seri Najib is not pushing for the
IMTN programme, do you agree with me?” Hariharan
asked, to which Ismee then replied “Yes.”
The judge also noted that the PAC report is already marked as
a document that is part of the trial and that Najib’s lawyers
could submit their arguments on the matter.
Ex-1MDB director says believed Najib wanted TIA to proceed with
RM5b bond, but agrees may have assumed wrongly. - The Malay Mail,
Thursday, 17 Mar 2022 06:48 PM MYT
Wanita didakwa perdaya ahli perniagaan tawaran gelaran 'Datuk Seri’
- Berita Harian, Mac 17, 2022 @ 7:13pm
KUALA LUMPUR: Seorang wanita mengaku tidak bersalah di
Mahkamah Majistret di sini, hari ini, atas pertuduhan
memperdaya seorang ahli perniagaan untuk menyerahkan
wang tunai berjumlah RM94,850 berhubung tawaran gelaran
'Datuk Seri'.
“This is the third rate hike since last December, supporting the view
that the global economy is firming up despite concerns over the war
in Ukraine," he told Bernama.
Ringgit flat versus US dollar in early
trade. - The Edge Market, March 18, 2022 10:08 am +08
Meanwhile, Brent crude price trended higher at US$107
(RM449.45) per barrel as prospects of peace talks looks dim.
At the opening, the ringgit was traded mostly lower against a basket
of major currencies, except versus the Japanese yen where it rose
to 3.5343/5375 from 3.5364/5396 at Thursday's close.
On the index board, FBM Emas Index was 5.88 points stronger
at 11,280.56, FBM Emas Shariah Index ticked up 24.91 points
to 11,843.28, FBM 70 reduced 1.1 points to 13,356.99, FBMT
100 Index increased 1.64 points to 10,992.27, and FBM ACE
climbed 14.06 points to 5,377.88.
Bursa Malaysia opens marginally higher on market volatility
Bernama. The Edge Market, March 18, 2022 09:42 am +08
Sector-wise, the Industrial Products and Services Index inched
up 0.87 of-a-point to 203.85 and the Plantation Index recovered
25.14 points to 7,852.56, while the Financial Services Index fell
31.1 points to 16,764.48.