News about Terengganu

KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) said 1MDB was exempted from being audited by the National Audit Department, as it presented a political risk to former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi testified that Datuk Seri Najib Abdul Razak had ordered TIA to push on with the bonds issuance, despite opposition from Terengganu’s ruler.

KUALA LUMPUR (Sept 24): The Ministry of Finance (MoF) was said to have been pressured into issuing the government guarantee for the RM5 billion Islamic medium term notes (IMTN), in order to meet a tight one-month deadline set by fugitive businessman Low Taek Jho, according to the testimony by Datuk Shahrol Azral Ibrahim Halmi, the ninth prosecution witness in the 1Malaysia Development Bhd (1MDB)-Tanore trial, at the High Court yesterday.

KUALA LUMPUR (Sept 24): Chinese integrated construction company Pacific Construction Group Ltd (CPCG) is leading a consortium of investors to invest some RM3 billion in Terengganu for, among others, an industrial park, a free trade zone and affordable housing.

KUALA LUMPUR (Sept 18): The Terengganu state government wanted to be out of Terengganu Investment Authority (TIA) immediately after a boardroom tussle in the state fund, lawyer Tan Sri Muhammad Shafee Abdullah (pictured) claimed in the High Court today.

KUALA LUMPUR (Sept 18): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi was the one who suggested to Datuk Seri Najib Abdul Razak to take over the Terengganu Investment Authority (TIA) from Terengganu Menteri Besar Inc (MB Inc) to form 1MDB, the High Court heard yesterday.

KUALA LUMPUR (Sept 17): Datuk Amhari Effendi Nazaruddin, one of the key prosecution witnesses in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial involving former premier Datuk Seri Najib Razak, initially disagreed that the Terengganu Investment Authority (TIA) was mooted by Terengganu's ruler Sultan Mizan Zainal Abidin's when he was the 13th Yang di-Pertuan Agong.

KUALA LUMPUR (Sept 10): Datuk Amhari Efendi Nazaruddin has denied any knowledge that there were concerns raised in 2009 that fugitive financier Low Taek Jho, better known as Jho Low, has been misrepresenting himself as an advisor of then Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin.

KUALA LUMPUR (Sept 4): Fugitive businessman Low Taek Jho explained the formation of Terengganu Investment Authority (TIA) to former premier Datuk Seri Najib Razak's aide by scribbling on a whiteboard in his apartment kitchen here.

KUALA LUMPUR (Aug 29): Six months after Datuk Seri Najib Razak was appointed Prime Minister in 2009, a new article was added to Terengganu Investment Authority Bhd's (TIA) articles of association to grant him significant control over the company, which eventually became 1Malaysia Development Bhd (1MDB).