WHO ?

Who decided to sell Bumi land to 1MDB, asks PAS

May 14, 2015

BY AMIN ISKANDAR, NEWS EDITOR (TMI)
Published: 14 May 2015 7:00 AM

PAS central committee member Dr Dzulkefly Ahmad asks why was prime land earmarked for Bumiputera sold to 1MDB for a song. – The Malaysian Insider file pic, May 14, 2015.PAS central committee member Dr Dzulkefly Ahmad asks why was prime land earmarked for Bumiputera sold to 1MDB for a song. – The Malaysian Insider file pic, May 14, 2015.With the controversy over the sale of 1Malaysia Development Berhad’s (1MDB) land in the Tun Razak Exchange (TRX) financial district to Lembaga Tabung Haji still raging, a PAS leader has upped the ante by asking who made the decision to sell the land, originally earmarked for Bumiputera, to the state investment vehicle.

PAS central committee member Dr Dzulkefly Ahmad also asked what was the original price of the land in the Kuala Lumpur city centre, which was previously owned by Pelaburan Hartanah Berhad (PHBB).

The land along Jalan Tun Razak was earmarked for Bumiputeras to increase their property ownership during the administration of Prime Minister Datuk Seri Najib Razak’s predecessor Tun Abdullah Ahmad Badawi.

“Who was the one who directed and ensured the agenda to sell PHBB trophy asset to 1MDB?” asked the former Kuala Selangor federal lawmaker in an interview with The Malaysian Insider.

“It was said the land was allocated to PHBB during Tun Abdullah’s era with the aim of developing it so that Bumiputeras still have an opportunity to invest in prime real estate by way of shares, investments and shariah-compliant Real Estate Investment Trust,” he said.

It was reported that 1MDB only paid RM64 psf when it bought the 30ha from Putrajaya four years ago.

Dzulkefly also asked what other compensation or lands Putrajaya gave to PHBB in return for selling its land to 1MDB.

Read the rest of the report here…