Tabung Haji: It’s not a bailout

  • Nation
  • Friday, 08 May 2015

Serious business: Johan showing the police report he lodged at the Dang Wangi police station in Kuala Lumpur.

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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Business , tabung haji , 1mdb


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