Putrajaya Perdana investment dragged TH into 1MDB transactions, minister says
Religious affairs minister Zulkifli Hasan asks whether the investment was made in the interest of the pilgrims' fund or to ‘solve the problems of other parties’.
Religious Affairs Minister Zulkifli Hasan revealed that Tabung Haji (TH) inadvertently entered into transactions with 1MDB through its investment in Putrajaya Perdana Bhd (PPB). The minister stated that this investment, along with TH's then-chairman taking up a position as PPB chairman, led to a RM145.3 million loss for the pilgrims' fund.
Moreover, TH acquired land at the Tun Razak Exchange (TRX) from 1MDB at a time when the sovereign wealth fund's controversy was at its peak. A further concern arises from the fact that TH's CEO was also a member of 1MDB's board of directors, raising questions about the true intentions behind this investment.
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- BN, PH lawmakers push for new Tabung Haji RCI freemalaysiatoday.com
- Tabung Haji lost RM145.3m from Putrajaya Perdana investment linked to 1MDB, Dewan Rakyat told malaymail.com
