IMTN Sultan Mizan Zainal Abidin TIA Witness, the former Chief Executive Officer of 1Malaysia Development Berhad (1MDB), Datuk Shahrol Azral Ibrahim Halmi arrives at the trial of 1MDB involving former Prime Minister Datuk Seri Najib Tun Razak at the Kuala Lumpur Courts Complex. PIX: IQBAL BASRI / MalaysiaGazette / 24 SEPTEMBER 2019
Witness, the former Chief Executive Officer of 1Malaysia Development Berhad (1MDB), Datuk Shahrol Azral Ibrahim Halmi arrives at the trial of 1MDB involving former Prime Minister Datuk Seri Najib Tun Razak at the Kuala Lumpur Courts Complex. PIX: IQBAL BASRI / MalaysiaGazette / 24 SEPTEMBER 2019

By Kasthuri Jeevendran

KUALA LUMPUR – The High Court was told that the former Yang di-Pertuan Agong (YDPA) cum Sultan of Terengganu, Sultan Mizan Zainal Abidin was angry and he suspended the issuance of the RM5 billion Islamic Medium Term Notes (IMTN) in May 2009.

The 9th witness of the high profile 1Malaysia Development Berhad (1MDB) trial, Datuk Shahrol Azral Ibrahim Halmi was the former Chief Executive Officer (CEO) of Terengganu Investment Authority (TIA) which was then renamed as 1MDB.

According to Shahrol, Sultan Mizan also decreed to sign a resolution to suspend his duty as the CEO of TIA and anyone carrying out the duties as the CEO of TIA.

The resolution was signed so that no one could make any decision on issues pertaining the IMTN programme at that time.

“I received a call from the Palace of Terengganu on 22 May 2009. Tan Sri Ismee and I were asked to have an audience with Sultan Mizan immediately.

“When Tan Sri Ismee and I arrived at the Terengganu Palace, we were brought to the meeting room. Tuanku Mizan and his sister, Tengku Datuk Rahimah Almarhum Sultan Mahmud Al-Mukhtafi Billah Shah (Director of TIA) were also there.

“His Majesty then showed the resolution document signed by Tengku Rahimah and ordered me to sign it.

“As far as I remembered it, His Majesty said, ‘please sign this resolution, you can read it if you want’. I was speechless and shocked. I felt that something was not right with Tuanku Mizan’s tone and he looked angry.

“I read the resolution quickly and I found that it was on IMTN. Tt was an order to suspend the issuance of IMTN until the terms and conditions in the resolution is met.

“I was actually shocked as Jho Low told me that Tuanku Mizan had no problem on the issuance of the IMTN. It was the first time I heard that Tuanku Mizan had terms and conditions on the IMTN.

“Jho Low, as the advisor and facilitator to Tuanku Mizan and Najib did not say anything about those terms and conditions. I did not know about the actual cause for the disagreements between the TIA stakeholders at that time,” he said while reading out his witness statement today.

Shahrol further said that Tengku Rahimah said something about ‘unsavoury character’.

“When we (Ismee and Shahrol) were at the Terengganu Palace, Tengku Rahimah mentioned ‘unsavoury character’ but I was not sure to whom was the phrase referring to,” he explained. -MalaysiaGazette

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