Guan Eng: RM3bil stolen from TRX project to service 1MDB debts


  • Nation
  • Thursday, 21 Jun 2018

PUTRAJAYA: More than RM3bil of government funds were misappropriated from the Tun Razak Exchange (TRX) project to pay off 1Malaysia Development Berhad (1MDB) debts, says Lim Guan Eng.

The Finance Minister said that since 2012, the Federal Government had guaranteed borrowings, extended advances and provided transfers to as well as purchased land from TRX City Sdn Bhd (TXRC) amounting to RM3.688bil.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Report bad lawyers, urge the good ones
Pay attention to attorney background when hiring
Deeply scarred by accident
RM160mil lost to rogue lawyers over four years
Kedah trader issued notice for selling mutton curry at exorbitant prices
Iskandar Puteri cops seeking driver who abandoned luxury car after accident
Jumbo roadblock: Family has harrowing encounter with wild elephants on East-West Highway
Anwar arrives in Brussels for a two-day working visit
Canadian-Indian super singer Jonita Gandhi to share the stage with superstar Anirudh in mega concert in Bukit Jalil on Jan 31
PM Anwar expected to address issues on trade, Palestine with Belgian, EU leaders

Others Also Read