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Nation

Guan Eng: RM3bil stolen from TRX project to service 1MDB debts

By MICHELLE TAM

PUTRAJAYA: More than RM3bil of government funds were misappropriated from the Tun Razak Exchange (TRX) project to pay off 1Malaysia Development Berhad (1MDB) debts, says Lim Guan Eng.

The Finance Minister said that since 2012, the Federal Government had guaranteed borrowings, extended advances and provided transfers to as well as purchased land from TRX City Sdn Bhd (TXRC) amounting to RM3.688bil.

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