“After signing off the resolution I called (TIA advisor) Jho Low (or Low Taek Jho) and told him what had transpired. He was shocked, asked for some time to resolve the matter and said he would call me back, which he did after a while to tell me to go to Najib’s house.
“At the same time, I telephoned Casey Tang (1MDB executive director) and informed him of the latest status and also asked him to discuss with AmBank if there was a need to suspend the IMTN.
“Casey told me that it was not possible as the agreement had been inked and that AmBank relationship manager Joanna Yu had also informed that a portion of the bond had been purchased during the book building exercise and that suspending it would mean violating the agreement,” explained Shahrol when examined by lead prosecutor Datuk Seri Gopal Sri Ram.
When he got to Najib’s house, Jho Low and Najib were already waiting for him at the living room and had appeared to have had discussions.
“Najib then asked if I had been given a copy of the resolution to which I replied that I wasn’t given one. He (Najib) then said something along the likes of ‘You go ahead, I will talk to Tuanku’ ”.
“I took that as a directive and mandate from the prime minister and in his capacity as finance minister to go ahead with the IMTN as he was the minister responsible in issuing the government guarantee. Jho Low was also privy to what Najib had instructed me to do, after which I went home while Jho Low remained there,” he said.
Shahrol also said that he had signed all documents pertaining to the agreement on the basis that he had been given the power and authority to do so by the TIA board.
According to him, Sultan Mizan had also decreed the TIA board to appoint his younger sibling Tengku Datuk Rahimah as a director to represent Terengganu’s interests.
Najib is facing four charges of having used his positions to obtain gratification of RM2.3 billion in 1MDB money and 21 counts of money laundering between February 2011 and December 2014.