KUALA LUMPUR, Sept 25 — The Companies Commission of Malaysia (SSM) approved the transformation of Terengganu Investment Authority (TIA) to 1Malaysia Development Berhad (1MDB) on September 25, 2009, the High Court heard today. 1MDB former chief executive Datuk Shahrol Azral Ibrahim Halmi said he...
Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court September 25, 2019. — Picture by Yusof Mat Isa
1MDB former chief executive Datuk Shahrol Azral Ibrahim Halmi said he had suggested other names but was rejected by SSM before finally receiving official support from former prime minister Datuk Seri Najib Razak to settle on 1MDB. “However, these names were not allowed by SSM because the words were regulated. I confirm that 1MDB received a letter of support from Najib to allow the name of 1Malaysia Development Berhad to be registered by SSM,” he said.
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