According to Shahrol Azral Ibrahim Halmi, Jho Low said RM5 billion was needed quickly as the Pulau Bidong development had been planned.
He said TIA, which was a RM2 company, wanted to raise RM5 billion through Islamic medium term notes and Ambank Islamic was selected for the purpose. The 9th prosecution witness said there were meetings between TIA representatives and Treasury officials to meet the deadline.
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