Malaysiakini News

MOF denies injecting RM500m into TIA

Published:  |  Modified:

The Finance Ministry has denied injecting RM500 million as start up capital for the 1Malaysia Development Berhad's (1MDB) predecessor the Terengganu Investment Authority (TIA)


In a written reply to Hanipa Maidin's (PAS-Sepang) queries, the ministry did however admit to forking out RM1 million to take over TIA from the Terengganu government in order to form 1MDB,

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