Jho Low sought RM10 billion bond to set up Terengganu Investment Authority, says witness | The Malaysian Insight

A 1MDB witness has testified that Low Taek Jho requested a RM10 billion bond from Ambank to open a sovereign wealth fund to develop Terengganu. – The Malaysian Insight file pic, October 13, 2022.

FUGITIVE 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, the High Court heard this morning Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

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No business discussed during casual lunch between Jho Low and AmBank, TIA officers, hears High CourtKUALA LUMPUR: Fugitive businessman Low Taek Jho, otherwise known as Jho Low, had a luncheon with bank officers and Terengganu Investment Authority (TIA) officials at Mandarin Oriental Hotel 13 years ago, the High Court heard. All the discussions has been done one month earlier, so it's no need to discuss at lunch time so that the matter will not spread
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