KWAP to buy TRX land at 15% less than Tabung Haji
The Star daily said KWAP would pay between RM1 billion and RM1.2 billion for both the land and a 40-storey tower in the site
The Star daily said KWAP would pay between RM1 billion and RM1.2 billion for both the land and a 40-storey tower in the site
Brickfields is a two-tier market with projects within KL Sentral commanding a large premium over the older ones outside it
Semi-detached houses accounted for 51.2% of new launches in Perlis, comprising 130 units of single, double and three-storey semi-detached houses
Not only is 1MDB's RM42 billion debt a known fact, but the links between Tabung Haji's top executives and the strategic investment fund, which is owned by the Finance Ministry, are red flags
The Umno vice-president became the latest party leader to weigh in on the fund that has seen critical statements from other leaders since the news broke that Lembaga Tabung Haji had bought land from 1MDB when it was known that the strategic development fund was in massive debt
Tabung Haji's deputy CEO Datuk Johan Abdullah, who is also chairman of 1MDB subsidiary Edra Global, was the leading figure in all negotiations leading to the fund's purchase of the land, which is part of the Tun Razak Exchange project
Azeez said Najib had advised him to dispose of the land so that the fund's reputation is not "tarnished" due to its business transaction with 1MDB
Other members from Umno who have spoken out against the land deal include former deputy minister Datuk Saifuddin Abdullah and Public Accounts Committee chairman Datuk Nur Jazlan Mohamed
Former Umno deputy minister said the wealthy pilgrims' fund was only supposed to invest in shariah compliant businesses
Describing the deal as a bailout, Dr Mahathir wrote in his blog that the money of Tabung Haji contributors was being used to rescue 1MDB