Pandan MP Rafizi Ramli today questioned Majlis Amanah Rakyat's (Mara) alleged failure to recover A$4.75 million (RM14 million at current exchange rate), which has been overpaid by its wholly-owned subsidiary Thrushcross Land Holdings Limited to project developer Wanissa Properties Pty Ltd.
The amount was related to Mara’s purchase of the Dudley House student hostel in Melbourne, Australia, for A$22.5 million (RM66.7 million at current rate) in 2013.
The transaction was highlighted by Australian daily The Age in June last year.