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Saturday, May 9, 2015

No conflict of interest in Tabung Haji land deal, says fund chairman

The two senior executives and two board members from Lembaga Tabung Haji who also hold senior positions in 1MDB. – The Malaysian Insider graphic by Muhammad Heza Zainuddin, May 9, 2015.The two senior executives and two board members from Lembaga Tabung Haji who also hold senior positions in 1MDB. – The Malaysian Insider graphic by Muhammad Heza Zainuddin, May 9, 2015.Lembaga Tabung Haji (TH) chief executive officer (CEO) Tan Sri Ismee Ismail had stayed out of all negotiations in the funds' purchase of a plot of land from 1Malaysia Development Berhad (1MDB) to avoid conflict of interest, the pilgrims' fund chairman said today as criticism of the deal narrowed in on personalities holding top positions in both funds.
TH chairman Datuk Seri Abdul Azeez Abdul Rahim (pic) said that Ismee, who also sits on the 1MDB advisory board, "abstained" from the entire process of Tabung Haji's RM188.5 million purchase of a plot of land at Tun Razak Exchange (TRX).
Another senior TH executive and two board members, all of whom also hold 1MDB related positions, however, did not abstain as they did not hold decision-making positions in the state-owned investment arm, Azeez said.
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