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Saturday 9 May 2015

TH selling land purchased from 1MDB

KUALA LUMPUR - Pilgrims Fund Board (TH) decided to resell a plot of land in the Tun Razak Exchange (TRX) purchased from 1Malaysia Development Berhad (1MDB) amounted to RM188.5 million previously.

Its chairman, Datuk Seri Abdul Azeez Rahim Abdul Rahim said the decision was approved by the Board of Directors TH line after receiving advice from Prime Minister Datuk Seri Najib Tun Razak yesterday.

"At the meeting last night all the members of the Board of Directors agreed to maintain the land. However, this morning the Prime Minister made a phone call and advise to sell the land to avoid TH continue maligned.

"Therefore, the Board met again this morning and agreed to sell the property.

"This decision is also made in order to maintain depositor sentiment TH worried with their savings since the issue raised since two days ago," he told reporters, here, today.

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