News about MDB

KUALA LUMPUR (May 11): PKR today demanded that statutory bodies which had business transactions with 1Malaysia Development Bhd (1MDB) list down all their transactions with the debt-laden strategic investor following reports that pensioners fund KWAP had bought a plot of land at the Tun Razak Exchange (TRX) from 1MDB.

PETALING JAYA (May 11): Retirement Fund Inc (KWAP) will buy a parcel of land and building as its new headquarters at the Tun Razak Exchange (TRX) project in Kuala Lumpur City Centre, The Star reported today, with the price set for more than 15% lower than what Lembaga Tabung Haji had paid under its deal.

KUALA LUMPUR (May 10): Pilgrims' savings fund Lembaga Tabung Haji has been under fire the past few days over a multi-million ringgit land deal with 1Malaysia Development Bhd (1MDB), which critics see as an attempt to bail out the debt-ridden state investment arm.

KUALA LUMPUR (May 9): 1Malaysia Development Bhd (1MDB) should appoint an international, independent auditing firm to examine its accounts, Datuk Seri Hishammuddin Hussein (pictured) said today, adding that this would help dispel public concerns over the debt-ridden state investment firm.

KUALA LUMPUR (May 9): Lembaga Tabung Haji chief executive officer (CEO) Tan Sri Ismee Ismail had stayed out of all negotiations in the funds' purchase of a plot of land from 1Malaysia Development Bhd (1MDB) to avoid conflict of interest, the pilgrims' fund chairman said today as criticism of the deal narrowed in on personalities holding top positions in both funds.

KUALA LUMPUR (May 9): Under fire in the past few days over a deal with debt-ridden 1Malaysia Development Bhd (1MDB), pilgrims' fund Lembaga Tabung Haji (TH) has decided to sell the land it bought from 1Malaysia Development Bhd (1MDB) for RM188.

KUALA LUMPUR (May 9): Datuk Seri Najib Razak (pictured) told Umno leaders that he needed time to explain the land deal controversy involving Lembaga Tabung Haji (TH) and 1Malaysia Development Berhad (1MDB), and pledged not to protect those found to have been involved in any wrongdoing, said an Umno division deputy head who attended a closed door meeting with their president yesterday.

KUALA LUMPUR (May 9): Kedah Menteri Besar Datuk Mukhriz Mahathir (pictured) wants the Finance Ministry to explain the cheap price at which it sold land for the Tun Razak Exchange to debt-ridden 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (May 9): Before investigating those responsible for leaking the Tabung Haji-1MDB land deal documents under the Official Secrets Act (OSA), police first have to determine whether the documents were classified under the Act, said former Attorney-General Tan Sri Abu Talib.

PETALING JAYA (May 8): Datuk Saifuddin Abdullah (pictured) today questioned the conflict of interest arising from revelations that a top executive of Lembaga Tabung Haji (TH) also sat on the board of state investment vehicle 1Malaysia Development Bhd (1MDB).