You are here

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

Sunday, May 10, 2015 - 17:13

34641884 - 27_04_2015 - MALAYSIA CHINA XI.jpg

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).

For more read HERE

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom