[LISTEN] The Najib Razak 1MDB Trial EP 110: RM10bil bond issuance

Fikri Ghazali Alfian Z.M. Tahir

THE Najib Razak trial heard today that businessman Low Taek Jho had approached Ambank in 2009 for a RM10 billion bond issuance with a 30-year tenure for a sovereign wealth fund to develop Terengganu but which later became 1Malaysia Development Bhd (1MDB). 

Joanna Yu, a former relationship manager at Ambank, testified at the Kuala Lumpur High Court that the bank held a meeting with Terengganu Investment Authority (TIA) officials to discuss the issuance of the bond. – October 13, 2022.

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