Arul Kanda: All 1MDB land transferred to MoF Inc

1MDB CEO Arul Kanda at a townhall event in Kota Baru on May 1. - Bernama

BALIK PULAU: 1Malaysia Development Bhd (1MDB), the government’s strategic development company, has transferred the ownership of all its lands, including plots of land in Air Itam here to the Minister of Finance Incorporated (MoF Inc).

Its chief executive officer, Arul Kanda Kandasamy said that under the rationalisation plan, all the lands now came under the purview of the MoF Inc upon the recommendation of the Public Accounts Committee (PAC).