(July 2): Majlis Amanah Rakyat (Mara) is unsatisfied with the police’s statement that no criminal breach of trust was found in a property purchase in Australia by its investment arm, Mara Inc, and says it will meet with the authorities to cooperate further.

Its chairman, Tan Sri Annuar Musa, said today Mara's council took note of the police statement that there was no criminal breach of trust found in the case.

"However, Mara is not really satisfied and will meet police in the near future to give further cooperation to them," he told press conference at the Mara headquarters in Kuala Lumpur.

"Mara council thinks it is necessary for me to meet PDRM to give some feedback from us so that PDRM will have a clearer picture (of this case)."

"We want this matter to be scrutinised in detail by PDRM," he said.

He added that Mara was willing to share any information with the public on the development of the investigation as long as it did not interfere with the on-going investigation.

On June 30, Inspector-General of Police Tan Sri Khalid Abu Bakar said police would wait for the Malaysian Anti-Corruption Commission (MACC) to alert them if there were elements of CBT in Mara's Melbourne property purchase.

He also reiterated that at the moment, police did not consider the case as CBT.

Khalid said they would leave it to MACC to conduct the investigations as the anti-graft body had already started its probe into the case in March.

On National Oversight and Whistleblowers (NOW) director Rafizi Ramli's allegations made over the past few days, Annuar said Mara was not obligated to answer Rafizi.

He added that responsible parties who had any information should cooperate with the authorities.

"If he wants to hold press conferences, we don't have any problem with that as it is his choice. Mara is not answerable to Rafizi," he said.

Annuar said it would be easier if Rafizi met him directly, instead of using an intermediary.

Over the past few days, Rafizi has revealed that Mara Inc spent a total of RM375.4 million to purchase four properties in Melbourne in 2013, and Dudley International House was the cheapest of all.

The most expensive purchase was the 746 Swanston Street property, bought for RM138.6 million, followed by 333 Exhibition Street for close to RM100 million.

Rafizi also said Mara Inc paid A$22 million (RM66 million) for the 51 Queen Street property, just months after an unnamed previous buyer bought it for only A$16.65 million.

This comes just a week after Australian paper The Age said the agency paid RM14 million above market rates for Dudley International House with senior officials pocketing the amount. – The Malaysian Insider