Govt denies investment company received RM500mil before becoming 1MDB

  • Nation Premium
  • Thursday, 28 May 2015

KUALA LUMPUR: The Government has denied that a company, that was later expanded into the 1Malaysia Development Bhd (1MDB), had received a start-up fund of RM500mil.

Finance Minister Datuk Seri Najib Tun Razak (pic) on Thursday dismissed claims by an Opposition MP that the Terengganu Investment Authority (TIA) received RM500mil before it became the 1MDB.

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Parliament , TIA , 1MDB


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