Jho Low gave RM70,000 to help increase TIA shares, money used to sponsor orphans | Malay Mail

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KUALA LUMPUR, Sept 24 — Fugitive financier Low Taek Jho had given a cash advance of RM70,000 to allow Terengganu Investment Authority (TIA) to increase its share capital to RM1 billion, the High Court Heard today. Testifying against Datuk Seri Najib Razak in the latter’s 1Malaysia Development...

Former CEO of Terengganu Investment Authority Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court September 24, 2019. — Picture by Hari Anggara

Shahrol was answering questions by senior deputy public prosecutor Datuk Seri Gopal Sri Ram who asked him about the RM70,000 paid by TIA in May 2009.Sri Ram: So, where was the money obtained? Shahrol: I told Jho Low your money is with me. I wanted to give it back to him, he said never mind. Actually he didn’t say never mind, he said ‘later, later’. After a while, I stopped asking and I used the money for charity purposes. I remember one specifically, Upin and Ipin show at Istana Budaya and I sponsored a whole bunch of orphans to go and see it.

 

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