KUALA LUMPUR: The Dewan Rakyat was told today that the alleged loss of RM400mil by Ekuiti Nasional Bhd (Ekuinas) in the acquisition of land in Singapore is untrue.
"The company concerned is one that is viable in the private equity sector and has undergone a selection process. "Funding has been provided and will be invested in a company which fulfills the criteria set by Ekuinas and we will have a representative in it," he added.
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