Calling it a 1MDB bailout, Dr M says TH land deal must be terminated
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
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
Umno Youth worried that institutions like Tabung Haji being used to rescue 1MDB
The purchase was first leaked online two days ago and it took Tabung Haji one day to confirm the purchase, deny another purchase and also lodge a police report that its internal papers have been unlawfully published
Two months ago, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah confirmed giving 1MDB RM950 million as standby credit for it to service its RM42 billion debt
LTH yesterday confirmed that it had bought a parcel of land from 1MDB's Tun Razak Exchange project in the Kuala Lumpur city centre for RM188.5 million, which it claimed was a “discounted" price
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
Tabung Haji is a government-linked financial organisation that facilitates savings for Muslims planning pilgrimages to Mecca