PARLIAMENT The government has denied an assertion by Tony Pua (DAP-Petaling Jaya Utara) that 1MDB owes them RM2.7 billion over the Bandar Malaysia project.
Pua had asked the Finance Ministry why it had not sought RM1.6 billion for the sale of Bandar Malaysia land to 1MDB, and RM1.1 billion for the relocation and upgrade of the Royal Malaysian Airforce base in Sungai Besi.
Pua said 1MDB would have received the RM2.7 billion from Iskandar Waterfront (IWC), which bought a stake in Bandar Malaysia.
In a written parliamentary reply, the Finance Ministry however said this was inaccurate.
First it said, of the RM2.7 billion for relocation and upgrading for facilities that used to be located at Bandar Malaysia, RM1.1 billion was to be borne by the government.
The remainder, it added, had been deducted from the RM12.35 billion gained from the sale of Bandar Malaysia land to IWC and China Railway Engineering Corporation (CREC).
"Therefore, there is no balance to be returned to any party," the Finance Ministry said.
Bandar Malaysia land had been sold to IWC and CREC as part of efforts to cover 1MDB's RM42 billion debts. -Mkini
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