Tuesday, May 5, 2015

A new deal for Malaysia - TABUNG HAJI and 1MDB

Tabung Haji the pilgrims fund that manages billions of ringgit of depositors money appears to be bailing out PM Najib's scandal ridden sovereign debt fund 1MDB.










Tabung Haji has entered into a deal to purchase 2 plots of TRX land from 1MDB for a total sum of RM772 million cash. Tabung Haji is using depositors money and not government funds.

According to a set of documents made available to us, Tabung Haji is believed to have paid a whopping RM2,860 per square feet (RM194million) for the first plot of land. Little birds in Tabung Haji confirmed it was a fast-track deal which gained the Minister's approval in less than two weeks and that the money has been paid to 1MDB in full, as demanded. (see documents for details)

For the second plot of land in the same TRX vicinity Tabung Haji has agreed to pay RM3,900 per square feet (RM578million) in cash. Don't bother about the 'Signature Tower', its just a  

In both deals the risk analysis by experts in Tabung Haji is self evident (see documents). 

Despite the high risk and a looming property and office space glut in Kuala Lumpur, Tabung Haji seems to be twisted into pumping cash into 1MDB for land which was initially owned by the Government.

1MDB, as exposed recently by former Prime Minister Dr Mahathir Mohamad, is believed to have been awarded the large track of Government owned TRX land in Jalan Tun Razak at a dirt cheap rate of RM60 per square feet.  

1MDB is also believed to have paid a slightly higher rate of about RM90 per square feet for the Sungai Besi RMAF airport/ base land. 

Why is Tabung Haji now paying an average of between 48 to 65 times more for the same piece of Government land with the poor depositors money? 

Basically 1MDB got Plot 1 for RM4 million from the Government and now Tabung Haji is paying RM194million.

For Plot 2, 1MDB got it for a mere RM8.9 million and Tabung Haji is buying it at RM578 million.

Is it halal or haram? 

The Government led by Prime Minister Datuk Seri Najib Tun Abdul Razak appears oblivious to such massive scams in government and government agencies but would Tabung Haji depositors rise to put a stop to such blatant abuse of their hard earned money? 

The full set of the documents is appended below.















































30 comments:

Anonymous said...

Tat is acceptable
considering the last transacted price of Geman Embassy, which is in the vacinity, is about rm 3k per sq ft.

http://www.thestar.com.my/Business/Business-News/2015/04/07/MRCB-buying-German-embassy-land-in-KL-for-nearly-RM260m/?style=biz

Penyu

lan lah said...

Halal . Tanya menteri yang jaga hal ehwal islam jgn tanya mat 385.

zas zachary said...

the new day has come....dark age for malaysians

Anonymous said...

Najib's personal fiasco has morphed into a national tyranny.

Anonymous said...

Allah selamatkan Melayu dan Malaysia. Undurlah Najid secara sukarela sebelum criminal prosecution starts.

Anonymous said...

now you all know why an unknown chap in the financial world is made chairman?
it sucks !

µTing said...

TH chairman has denied this deal but the documents showed otherwise.

Who is telling the truth?

Anonymous said...

Off course this is halal. Same goes to any gov. projects earlier. Like nusajaya in johor, gov acquired kampung land at very cheap price and sell at very high price... acquired at rm1.70 square foot and sell at RM150.00...?? What the different????

Same goes to LBJ.... labu sendayan and many more....

Anonymous said...

Tabung Haji purchase the land for teir investment purposes. So what's the big deal. If the price is right not even TH other developers too interested to purchase.

TH have team of expertises on investment and in line with Syariah needs..

Anonymous said...

Seems that you can't access the blog using .com
Only after changing .com to .ru was I able to access this....

Anonymous said...

mungkin ahmad maslan boleh menjawap persoalan ini

Reminder for me said...

Surah Aal-e-Imran, Verse 14:
زُيِّنَ لِلنَّاسِ حُبُّ الشَّهَوَاتِ مِنَ النِّسَاءِ وَالْبَنِينَ وَالْقَنَاطِيرِ الْمُقَنطَرَةِ مِنَ الذَّهَبِ وَالْفِضَّةِ وَالْخَيْلِ الْمُسَوَّمَةِ وَالْأَنْعَامِ وَالْحَرْثِ ذَٰلِكَ مَتَاعُ الْحَيَاةِ الدُّنْيَا وَاللَّهُ عِندَهُ حُسْنُ الْمَآبِ

Dihiaskan (dan dijadikan indah) kepada manusia: kesukaan kepada benda-benda yang diingini nafsu, iaitu perempuan-perempuan dan anak-pinak; harta benda yang banyak bertimbun-timbun, dari emas dan perak; kuda peliharaan yang bertanda lagi terlatih; dan binatang-binatang ternak serta kebun-kebun tanaman. Semuanya itu ialah kesenangan hidup di dunia. Dan (ingatlah), pada sisi Allah ada tempat kembali yang sebaik-baiknya (iaitu Syurga).
(Melayu)

via iQuran

Anonymous said...

bukan ke:
kerajaan baru plan nk buat (blm beli lg)... pastu org dlm bg info... n then org tu beli ngan harga rm1.50 drpd org kampung... kerajaan proceed utk beli... org tu jual rm150 kat kerajaan... tu yg typically happen on highways... n this buyer is already a dato or a big shot...

Anonymous said...

Thank you for highlighting this dear sir/madam. You have saved us MYR 578M. At least not all of it went through. Please keep fighting the good fight.

- TH depositor

Anonymous said...

TH perlu saman blogger ini jika ia sebenarnya fitnah. Blogger ni juga menghasut.

Anonymous said...

Menteri tak berani cakap haram nanti hilang kerja..

Anonymous said...

salute to the person that revealed the info.

Taufiq Hidayat Rahmat said...

This purchase is not about halal or haram....it is merely about right or wrong. Doing the right thing in the wrong way....I would say, it would have been very possible this purchase has been misused for personal agendas. Knowing of how TH usually shared with the public(main stake holder) on any prospect investment, this sudden news has now sparked a confusion to the people. We know it is right to invest, but we also know there is something wrong about how it is being done because we are not stupid. Why suddenly 1MDB....?? Why now....specifically NOW....??

Anonymous said...

Pls go to IOI or Sime-Darby and ask if you can buy their bunglow plot at the price they bought their estate land?

For people who own Myvi, RM 2 million Rolls Royse us nonsence. To Seiko owners, paying RM 70k for a Patek is crazy. To Pelican pen owners, paying RM 5k for Mont Blanc is beyond belief. List goes on.

Similarly, to these Myvis, Seiko, Pelican iwnees, paying RM 3k psf is idiotic. Beyond comprehension when their low cost is RM 5 psf.

Tapi, subsidi haji mau.

Penyu

Anonymous said...

Nasi tambah...

The best part right now, those pakcik n makciks who perhaps cannot balance their checque booka, are experts in Golden Triangle Real Estate valuations.

Melayu. Oh Melayu.

Penyu

Anonymous said...

Beware , the devils have infiltrated Tabung Haji top management!

Ruslan Aking said...

Untunglah kroni dia

Anonymous said...

Gampang betul Najib..!! Sanggup kau memperjudikan duit orang nak pergi Haji. Semoga Alah melaknatimu....

Anonymous said...

Bawa usul ambil tindakan memberi maklumat palsu dalam parlimen ke atas mat 385. dan juga menteri tabung haji yang tidak bercakap benar.

Kerana proposal telah dibuat 9 feb. 2015

Anonymous said...

Bawa usul ke parlimen memberi maklumat palsu dan berbohong dalam parlimen kepada mat yang tak berapa melayu, menteri alislamiah yang tak berapa islam, dan menteri kewangan yang tukang perabih duit rakyat duit orang melayu/kampung yang sokong BN.
Kerana proposal ini dibuat 9feb. 2015

Hantu tiga ekor tahu tapi berbohong dan menyorok maklumat.

Anonymous said...

Cekik darah made profit at the expense of potential pilgrim money. Nothing wrong for halal investment in return to reduce cost of every potential pilgrim. The very wrong when use the pilgrim money (not gov. money) to bailout the loosing company. There are ample of land to buy and build house and make profit. Cleverest men/women made silly decision is more stupid than those called stupid. Wise stupidity may coplased someone.

Anonymous said...

Crazy. Why LTH? Why 1MDB bought cheap from govt and sell 100 times more to another govt agency? Those who said its only a commercial deal are clearly dumb.

Anonymous said...

But why the gov sold to 1MDB at such a dirt cheap price? This is clear as day, it was the plan to bail 1MDB from early on.

fatimah salmi said...

alopz need email please, want to share some information at the utmost urgency.

Anonymous said...

Any dealing that had been connected to Umno all end up in massive amount of money disappearing like magic. And the amazing thing is that the Umno magicians even plead ignorance of where it went. Now that is magic at its best.