Thursday, 10 Oct 2019 03:33 PM MYTThe 1Malaysia concept was first mentioned by Najib in early June 2009, about two months after he became prime minister. — Reuters pic
“The MDB was from us, but 1Malaysia part, Jho said that came from Datuk Seri Najib,” he told the court during Najib’s corruption trial over 1MDB funds. Earlier today, Shahrol had confirmed his June 25, 2009 letter as TIA CEO to Najib, where it was proposed that TIA be renamed as MDB. Shahrol later said he was instructed to write the letter to formalise previous discussions to turn TIA into a company owned by the federal government, saying: “So this was in a way to get the ball moving, put it down in black and white so that it gets done.”When asked who came up with the idea of changing TIA’s name to MDB after the federalisation process, Shahrol said that Low had mooted the example of Abu Dhabi firm Mubadala Development Company.
Last month, Shahrol had testified that the TIA company secretary was asked to check several proposed names such as 1Malaysia Development Berhad, MDB Wealth Berhad, Malaysia Development Berhad and Malaysia Wealth and Capital Creation Berhad, prior to the company’s new name being finalised.
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