The UMNO Youth movement has urged the Finance Ministry and Tabung Haji to give an explanation on the sale and purchase of a piece of land at the Tun Razak Exchange (TRX), in Kuala Lumpur.
In a statement released Friday, the movement expressed concern on the purchase of the land by Tabung Haji from the 1Malaysia Development Berhad (1MDB) valued at RM188.5 million.
READ ALSO: Tabung Haji confirms buying TRX land, denies purchase of Signature Tower
"The purchase of the land was said to be an investment by Tabung Haji through a proper evaluation process at every stage.
"UMNO Youth does not deny the need for Tabung Haji to make an investment. Investments in the capital market (purchasing of shares) and the real estate sector must be carried out by Tabung Haji to generate returns that can be distributed to the Tabung Haji depositors in the form of dividends," the statement said.
However, it said, the issue that must be clarified is how the purchase transaction for the land was carried out.
Meanwhile, Jamaluddin Muhammad reports from MILAN, Italy that Tan Sri Muhyiddin Yassin has expressed support for the statement by the UMNO Youth in calling on the Finance Ministry and Tabung Haji to explain on the land purchase by Tabung Haji from 1Malaysia Development Berhad (1MDB).
The UMNO deputy president told the Malaysian media although the sale and purchase transaction was valid on the basis of a willing buyer-willing seller, Tabung Haji depositors perceived the transaction to be a burden they were carrying for 1MDB.
Muhyiddin, who is also the Malaysian deputy prime minister, is on a three-day official working visit here since Thursday.
Bernama
Sat May 09 2015
DPM Muhyiddin Yassin has expressed support for the statement by the UMNO Youth in calling for Tabung Haji to explain the land deal. - File pic
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.