mk-logo
News
Tabung Haji to transfer RM19.9b assets, including 1MDB land, to SPV

Tabung Haji will transfer around RM19.9 billion in assets, including its land in the 1MDB-linked Tun Razak Exchange (TRX), to a special purpose vehicle under the Finance Ministry.

According to Tabung Haji CEO Zukri Samat, these underperforming assets will be managed by the SPV for seven years.

"We bought that land (in TRX) for RM196 million, and until now we haven't gotten any returns...

Unlocking Article

Show your support for robust journalism

Millions depend on Malaysiakini for the truth. Millions depend on Malaysiakini for quality journalism. Millions depend on Malaysiakini to stand in honour of integrity and justice.

Without a mafia owner to dictate our journalism; free from political or commercial influence, Malaysiakini has only one boss - you, the rakyat.

We take this opportunity to thank you for your love for our country, your trust and respect in us to do our job in holding the powerful to account. We depend on your subscription to protect the sanctity of our journalism. Thank you.

Malaysiakini Team

Read more from this author :
Read more like this :
View Comments
Most Read
Most Commented
Most Recent