KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had approved the proposal for a US$1.75bil (RM7.3bil) bridging loan through the issuance of 10-year structured notes for the takeover of Tanjong Energy Holding Sdn Bhd (TEHSB).
The approval was in accordance with Section 6 of the Loans Guarantee (Bodies Corporate) Act 1965 where every further indebtedness in any form would need the approval of the Finance Minister.
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