Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court September 23, 2019. — Picture by Ahmad Zamzahuri
“From the research that I carried out, I found that TIA was established on February 27, 2009 with start-up capital of RM2,” Shahrol said. Sri Ram: You joined TIA on 23rd March, four days earlier. How familiar were you with the affairs of TIA before this resolution?Also on March 27, 2009, Shahrol as TIA CEO sent a letter to Najib who was the finance minister to apply for the government guarantee of the RM5 billion borrowing, but said Low was the one who prepared the letter.
Shahrol shared the characteristics of Low’s style for letters or documents, including his use of bullet points, choice of salutation and words such as “secure world-class investments”, bolding and emphasis of words.As a RM2 company in its early days, Shahrol said TIA did not have any funds and was unable to get credit as a new company, and took up Low’s offer to use the meeting room in the latter’s company UBG’s office at the Petronas Twin Towers as an office space.
In this April 26, 2009 letter, Shahrol said TIA had informed the Finance Ministry of late May 2009 as the proposed “target date” for the IMTN to be issued, acknowledging the target date application was “very aggressive” and had caused discomfort for the ministry.
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