Three top officials in Tabung Haji are directly involved with debt-laden 1Malaysia Development Bhd (1MDB), which raises the question of conflict of interest in a recent deal involving the two entities.
Yesterday, Tabung Haji admitted that it is acquiring a plot of land in the Tun Razak Exchange site from 1MDB for a sum of RM188 million.
This sparked controversy because it is widely known that 1MDB bought the land for the Tun Razak Exchange project from the federal government at a price that was far below market value.
Following this, Umno Youth and Umno supreme council member Saifuddin Abdullah zeroed in on the fact that this deal could be tainted by conflict of interest.
The three figures are:
Ismee is the Tabung Haji group managing director and CEO. He also sits on the 1MDB board.
Johan is the Tabung Haji deputy group managing director and deputy CEO.
He is also the chairperson of 1MDB subsidiary Edra Global Energy Sdn Bhd.
Edra acquired power assets from Powertek (formerly known as Tanjong Energy), Genting Sanyen and Jimah.
Abdul Samad Alias
Abdul Samad sits on the Tabung Haji investment panel.
He also sits on the 1MDB advisory board, which is chaired by Prime Minister Najib Abdul Razak.