Ex-CEO: 1MDB funds used to buy land in Penang, linked to GE13
Issue
Directly implicated parties
- Najib Razak
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Mohd Najib bin Abd Razak is a Malaysian politician who served as the 6th Prime Minister of Malaysia from 2009 to 2018
- Low Taek Jho
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Low Taek Jho, often called Jho Low, is a Malaysian businessman and international fugitive sought by the authorities in Malaysia, Singapore, and the United States in connection with the 1MDB scandal. He is accused of being the mastermind of the alleged 1MDB fraud.
- Azlin Alias
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Azlin Alias is former political secretary to Najib Razak
- 1MDB Global Investment Limited
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1MDB Global Investment Limited (1MDB GIL)
Indirectly implicated parties
Implicated parties through circumstantance
- Silk Road Southeast Asia Real Estate Ltd (Silk Road)
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Silk Road Southeast Asia Real Estate Ltd (Silk Road) is a China based company, for which 1MDB sold land in Ayer Itam Penang for RM2.7 billion in August 2017
Disclosing Parties
- Mohd Hazem Abdul Rahman
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Mohd Hazem Abdul Rahman is a corporate figure who was former CEO of 1MDB
Source
Link
Hidir Reduan Abdul Rashid, Malaysiakini, (15 Sep, 2020). Ex-CEO: 1MDB funds used to buy land in Penang, linked to GE13. Retrieved 15 Sep, 2020, from
File(s)
Notes
During the portions he read yesterday, Hazem said he was informed by Jho Low and Najib's former political secretary Azlin Alias that 1MDB was set up to help fund Umno.
On May 1, 2013, the former prime minister said during a campaign event in Penang that the federal government will build 9,999 low cost or affordable housing in the state.
There is not much information regarding the land in Ayer Itam, aside from a revelation by the Pakatan Harapan administration in 2018 that 1MDB had sold it to China-based Silk Road Southeast Asia Real Estate Ltd (Silk Road) for approximately RM2.7 billion in August 2017.