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Najib: Land purchase by pilgrims' fund from 1MDB not bailout

Sunday, May 10, 2015 - 17:13

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KUALA LUMPUR - Prime Minister Najib Razak on Sunday denied that a land purchase by Malaysia's haj pilgrims' fund from 1Malaysia Development Bhd (1MDB) was a bailout, saying the issue was manipulated to make it look like pilgrims' money was used to save the debt-ridden state fund.

Lembaga Tabung Haji had bought a 0.64-hectare land at the Tun Razak Exchange (TRX) project from 1MDB last month for RM188.5 million (S$70 million).

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