The Malaysian High Court has today allowed an application by 1MDB and the Malaysian government to expedite the sale of the yacht, believed to be acquired for US$250 million using money siphoned from the troubled state fund.
FMM wants government to give repayment details first.
The full agreed takeover price was LTAT’s full investment costs — ex-LTAT chairman.
“The government knows his whereabouts. Last time, he was in Macau. The government knows where he is.”
Daim “certainly hopes” that the government will make the report public.
“The 100 days are over. As far as I know, our mandate ended on Sunday.”
According to Daim, the comprehensive CEP report will revolve around the need to improve governance, the well-being of the rakyat and the need to ensure that the economy is inclusive and sustainable.
The land comprises a 62.73ha piece of land in Kampar and a 28.73ha plot of land in Kinta.
The group noted that the proposed acquisition will enable it to boost and expand on its existing landbank in Melaka.
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