Thursday 28 Mar 2024
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KUALA LUMPUR (March 6): An opposition parliamentarian today claimed that 1Malaysia Development Bhd (1MDB) had sold a 3.4-acre land in Tun Razak Exchange (TRX) to Indonesia's Mulia Group at a lower price than the previously announced price tag.

Rafizi Ramli (PKR-Pandan) claimed that Mulia, the developer of the iconic tower The Exchange 106 at the site, paid RM403.9 million (or RM2,769 per square feet) for the land and not RM655 million (RM4,490 per sq ft) as announced in 2015.

At a press conference in Parliament today, Rafizi said Mulia Property Development Sdn Bhd's financial statement for the period from April 10, 2015 to Dec 31, 2015 mentioned that a freehold land costing RM403.9 million has added to the company's investment property.

He said Mulia's acquisition price was even cheaper than the RM2,773 per sq ft (totalling RM188.5 million) paid by Lembaga Tabung Haji for a 1.6-acre land in TRX.

"Tabung Haji did not buy the land in TRX at a discount as stated back in 2015. On the contrary, it was more expensive when compared with the price sold to the Mulia Group from Indonesia," he said.

Asked if the acquisition by Mulia could have involved deferred payments, Rafizi said he has checked Mulia Property's latest financial statements, and did not see any additional payment on top of the RM403.9 million paid.

 

 

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