Umno man questions conflict of interest in 1MDB-Tabung Haji deal
Former Umno deputy minister said the wealthy pilgrims' fund was only supposed to invest in shariah compliant businesses
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
"We are happy to receive these awards because they elevate the profile and good name of the projects," Mah Sing Group general manager of marketing and sales Yeoh Chee Cheng told theedgeproperty.com
Umno Youth worried that institutions like Tabung Haji being used to rescue 1MDB
EcoWorld will be issuing 394,044,000 new shares, representing about 20% of its issued and paid-up share capital, pursuant to the book-building exercise
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
ABIM lodged a police report in Gombak urging police to investigate the land deal between Tabung Haji and 1MDB
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
It is understood that police have a few options in the investigation. The case can be investigated under the Official Secrets Act or Multimedia Act.