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).

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Malaysia needs more white knights�
City data in real time
The growth trajectory of M-REITs
TRUST AS THE NEW COMPETITIVE ADVANTAGE IN MALAYSIA'S AI ECONOMY
Europe’s AI debt rush
Asia seen as sweet spot in physical AI
Closing the university-industry gap
Cheap labour, costly future
Slow turn in earnings
French consumers cut back spending

Others Also Read