KUALA LUMPUR: Lembaga Tabung Haji has denied that its move to acquire a parcel of land in the Tun Razak Exchange (TRX) financial district for RM188.5mil is a bailout of 1Malaysia Development Berhad (1MDB), which owns the land.
Instead, the fund’s group managing director and CEO Datuk Johan Abdullah said it was a sound investment. He said they wanted a “piece of the action in the development”.
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