Selangor Journal

Proceeds from RM2 billion BNM land sale missing

By Selangor Journal Staff

KUALA LUMPUR – Prime Minister Tun Dr Mahathir Mohamad is unaware of where the proceeds from the sale of a RM2 billion property by the previous Barisan Nasional government to Bank Negara Malaysia (BNM) has gotten to.

“I only know that the land was sold to Bank Negara for RM2bil. What happens after that I don’t know. Where the money goes, I don’t know.

“But obviously somebody in Bank Negara knows about it. They are investigating. That’s all,” he said.
He is however aware that internal investigations are being conducted by Bank Negara.

He said that although the Pakatan Harapan government have been informed of the sale of the plot of land, located beside Kompleks Sasana Kijang here, he has not a shred of information on where the proceeds are.

It was reported today that four BNM officers were ordered to go on leave to facilitate a probe into the RM2 billion land sale conducted early this year.

The sale, announced by the Finance Ministry in January, was made after sovereign wealth fund 1Malaysia Development Bhd (1MDB) was reported to have made payment of US$600 million (RM2.4 billion) to the International Petroleum Investment Company (IPIC) in December last year.

This was said at a press conference after he launched the Industry 4.0 National Policy at the Ministry of International Trade and Industry (MITI) Tower here today.

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