Lembaga Tabung Haji (LTH) is still evaluating offers for the proposed sale of a parcel of land it bought from 1Malaysia Development Berhad (1MDB) at Tun Razak Exchange (TRX) earlier this year, its chairman Datuk Seri Abdul Azeez Abdul Rahim said today.
Majlis Amanah Rakyat (Mara) allegedly paid RM27 million above market rates for another Australian property, the National Oversight and Whistleblowers Centre (NOW) said today.
Tabung Haji was still evaluating potential buyers
Rafizi Ramli: Real Property Gains Tax's revised rates means that Tabung Haji will need to pay taxes of up to 30% for the sale, not including a stamp duty fee
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
1MDB has attracted controversy as it sits on a sizeable debt of around RM42 billion, and the government has admitted that the state-owned investment arm is facing cash-flow problems
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