NEWS

The Tabung Haji trio with 1MDB links

Published
Modified 8 May 2015, 2:46 pm

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 Ismail

Ismee is the Tabung Haji group managing director and CEO. He also sits on the 1MDB board.

Johan Abdullah

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.

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.