1MDB trial: Najib asked RM5b bond to be issued despite then Agong’s call for postponement

Datuk Shahrol Azral Ibrahim Halmi, 49, the ninth witness for the prosecution and former chief executive officer 1MDB at the Kuala Lumpur Courts Complex today. — BBX-ImagesThe High Court here today was told how Datuk Seri Najib Abdul Razak had instructed for the agreement of a RM5 billion bond sale by the Terengganu Investment Authority Berhad to proceed despite a decree by the Yang di-Pertuan Agong then, Sultan Mizan Zainal Abidin for it to be suspended and it’s issuance postponed.

“At the same time, I telephoned Casey Tang and informed him of the latest status and also asked him to discuss with Ambank if there was a need to suspend the IMTN. The prosecution’s ninth witness said he then informed Najib that Sultan Mizan had decreed for the bond to be suspended and how Ambank, on the other hand, was not in a position to allow that to happen as it would be a breach of the agreement signed a year earlier.

“I took that as a directive and mandate from the prime minister and in his capacity as Finance Minister to go ahead with the IMTN as he was the minister responsible in issuing the Government Guarantee. Jho Low was also privy to what Najib had instructed me to do, after which I went home while Jho Low remained there,” he said.

“Once the agreements had been drafted, Casey and AmInvesment Bank representatives brought them to me for signing. I believe all details had been agreed upon by all parties including the stakeholders as they had been scrutinised and checked by Jho Low and Casey Tang,” he said.

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