Who decided to sell Bumi land to 1MDB, asks PAS

KUALA LUMPUR (May 14): With the controversy over the sale of 1Malaysia Development Berhad's (1MDB) land in the Tun Razak Exchange (TRX) financial district to Lembaga Tabung Haji still raging, a PAS leader has upped the ante by asking who made the decision to sell the land, originally earmarked for Bumiputera, to the state investment vehicle.

READ MORE

KWAP’s explanation creates confusion

KUALA LUMPUR (May 13): In response to media reports that it has bought land in 1Malaysia Development Bhd’s (1MDB) project Tun Razak Exchange (TRX) to build its head office, Kumpulan Wang Persaraan (KWAP) yesterday came forward to explain the situation.

READ MORE

Indonesia’s Mulia Group buys RM665 million TRX land

KUALA LUMPUR (May 13): Debt-laden 1Malaysia Development Bhd (1MDB) today announced it has sold land for RM665 million to Indonesia's Mulia Group to build its Signature Tower in the Tun Razak Exchange (TRX), a week after news broke out of a controversial land purchase by Lembaga Tabung Haji.

READ MORE

No conflict of interest in Tabung Haji land deal, says fund chairman

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.

READ MORE

Umno Youth demands answers on Tabung Haji land deal

PETALING JAYA (May 8): Umno Youth wants the Finance Ministry and Lembaga Tabung Haji (TH) to answer three questions related to the controversial purchase of a plot of land within the Tun Razak Exchange (TRX) project by 1Malaysia Development Bhd (1MDB) in the Kuala Lumpur city centre.

READ MORE