17
Jun
15

BN component parties demand answers on 1MDB-Tabung Haji land deal

The Lembaga Tabung Haji-1Malaysia Development Berhad (1MDB) controversy is far from over, Barisan Nasional component parties said today, despite the pilgrim’s fund’s pledge to sell off the plot of land it bought from the debt-ridden state investment fund last month.

MIC, MCA and Gerakan leaders said that the public still deserved answers on how Tabung Haji, a savings funds for Muslims to perform their haj in Mecca, came to purchase the land for RM188.5 million from 1MDB, whose RM42 billion debt is a well-known fact.

MCA deputy president Datuk Dr Wee Ka Siong said that the land deal had not even been discussed in the Cabinet meeting, as it falls under Tabung Haji’s jurisdiction, and that he had only learned of it through the media.

“The recent purported land deal between Tabung Haji and 1MDB has been controversial as it puts in question our principles of good governance and transparency,” said the minister in the Prime Minister’s Department on Twitter.

Wee said it was wiser for Tabung Haji to consider other investment prospects instead of getting embroiled into 1MDB’s controversy.

“Both 1MDB and Tabung Haji’s board of directors should answer all queries raised by the public especially the depositors in the interest of transparency and good governance.”

MIC vice-president Datuk S Sothinathan told The Malaysian Insider that there had been a lot of confusion among the public over the entire deal, and a proper explanation was needed.

“We cannot come to a conclusion yet whether it was wrong, but a lot of issues have been raised, there’s confusion, and in the interest of the public it has to be clarified,” he said.

He added that if any wrongdoing was found, the perpetrators should be brought to book so that the country could put the matter to rest once and for all.

“There are many questions that has not been answered and it involves the use of public money. It involves the nation’s finances, so it warrants a quick, thorough explanation.

“Every moment delayed is detrimental to the country and to the leadership,” said Sothinathan.

Gerakan Youth chief Tan Keng Liang said that Tabung Haji’s decision to sell the land it bought from 1MDB was only a temporary solution to public concern over the matter.

“The crux of the issue is 1MDB and the lack of transparency over its dealings and management,” he said in a statement.

“In order to regain public trust, 1MDB should disclose all material dealings immediately when the transaction is concluded. This should also include an annual audited report to its financial health by an independent auditor.”

…more
BN component parties demand answers on 1MDB-Tabung Haji land deal
10 May 2015 – TMI

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