First the 1MDB -Tabung Haji-TRX history,as reported by FMT on 4 February 2016:
Readers may recall that 1MDB purchased the land from the government at a steep discount in order to disguise what the public now know was a massive financial hole.
Given the context of the times in 2016, Tabung Haji and TH Property had every reason to make the TRX project a success. Instead they chose to not do very much with it, and instead channel "internal funds" to projects in Australia via its 50:50 JV, PietyTHP.
TH Property's CEO and Group Managing Director Dato Roszali Othman at the time remains one of three senior members of THP Piety, despite no longer holding his TH Property posts.
Nevertheless, only he can now provide answers to the above.
To be read with
Friday, February 21, 2020
TH Property & Tabung Haji could not develop cheaply acquired 1MDB TRX land, but found "internal funds" for Australian PietyTHP developments