NEWS

Mulia Group: Fugitive not involved in 1MDB deal

Khairie Hisyam

Published
Modified 20 May 2015, 2:13 pm

KINIBIZ Indonesian developer Mulia Group’s recent land deal with 1Malaysia Development Bhd (1MDB) was entirely driven by its president-director, the group told KINIBIZ in response to its ties to an International Police (Interpol) fugitive.

In a brief emailed statement late yesterday evening, the developer said the sale and purchase agreement (SPA) to buy a land parcel in 1MDB’s Tun Razak Exchange (TRX) project for RM665 million was driven by Eka Tjandranegara ( photo ), the group’s president-director and owner.

“The recent SPA between 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group was led by its president-director and owner, Eka Tjandranegara,” said the group.

“The entire transaction was driven by Eka Tjandranegara together with the executives of Mulia Group, and who has committed to personally seeing this project through drawing on the vast experiences of the Mulia Group,” it added.

A further email from Mulia Group later today clarified that Djoko Tjandra no longer holds any directorship or shareholding within the group. “As Mr Tjandra has no longer been with our Mulia Group, we are unaware of his personal activities.”

On May 19, KINIBIZ reported ties between Mulia Group and Djoko Tjandra, a fugitive listed on Interpol’s website, who was previously cited as owner of Mulia Group. Djoko is brother to Eka Tjandranegara and was convicted of corruption charges in 2009, though he fled Indonesia a day before his sentencing.

For the full story go to KINIBIZ .

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