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Saturday, August 1, 2015

TAKING PILGRIMS FOR FOOLS: Tabung Haji depositors will lose out if 1MDB land sold - Najib

TAKING PILGRIMS FOR FOOLS: Tabung Haji depositors will lose out if 1MDB land sold - Najib
PAROI - Muslims who invested in Lembaga Tabung Haji (LTH) will stand to be the biggest losers if the pilgrims fund goes ahead with plans to sell its land in the Tun Razak Exchange (TRX), said Prime Minister Datuk Seri Najib Razak.
Najib insisted that LTH made a worthy investment when it bought the plot from 1Malaysia Development Berhad, pointing out that TRX is in a strategic area surrounded by amenities like the Mass Rapid Transport (MRT).
“The Tabung Haji investment in TRX, it has the biggest MRT station. Any place with a MRT station the value of the place will go up.
“Once it is fully finished, LTH will be able to rake in the profits. When the buy was supposed to benefit the Bumiputeras, false rumours were spread and a negative perception was created.
“In the end, outsiders will buy the land as a negative perception has been created and the LTH depositors are the ones who are at a loss,” Najib said during his speech while officiating the Seremban Umno division meeting.
The Umno president then went on to claim that there were even some in the opposition who have disagreed with plans to sell that land, believing that the investment has its potential. - Malay Mail

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