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.















































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30 comments:

  1. AnonymousMay 6, 2015 at 4:20 AM

    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

    ReplyDelete
    Replies
    1. AnonymousMay 8, 2015 at 7:03 PM

      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.

      Delete
  2. lanlahMay 6, 2015 at 5:16 AM

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

    ReplyDelete
    Replies
    1. AnonymousMay 7, 2015 at 8:54 AM

      Menteri tak berani cakap haram nanti hilang kerja..

      Delete
  3. zas zacharyMay 6, 2015 at 6:05 AM

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

    ReplyDelete
  4. AnonymousMay 6, 2015 at 6:22 AM

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

    ReplyDelete
  5. AnonymousMay 6, 2015 at 6:45 AM

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

    ReplyDelete
  6. AnonymousMay 6, 2015 at 7:58 AM

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

    ReplyDelete
  7. µTingMay 6, 2015 at 3:42 PM

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

    Who is telling the truth?

    ReplyDelete
  8. AnonymousMay 6, 2015 at 5:50 PM

    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....

    ReplyDelete
    Replies
    1. AnonymousMay 7, 2015 at 1:20 AM

      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...

      Delete
  9. AnonymousMay 6, 2015 at 6:19 PM

    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..

    ReplyDelete
  10. AnonymousMay 6, 2015 at 8:25 PM

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

    ReplyDelete
  11. AnonymousMay 6, 2015 at 9:27 PM

    mungkin ahmad maslan boleh menjawap persoalan ini

    ReplyDelete
  12. Reminder for meMay 7, 2015 at 12:30 AM

    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

    ReplyDelete
  13. AnonymousMay 7, 2015 at 1:45 AM

    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

    ReplyDelete
  14. AnonymousMay 7, 2015 at 3:48 AM

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

    ReplyDelete
  15. AnonymousMay 7, 2015 at 9:05 AM

    salute to the person that revealed the info.

    ReplyDelete
  16. UnknownMay 7, 2015 at 1:10 PM

    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....??

    ReplyDelete
  17. AnonymousMay 7, 2015 at 5:51 PM

    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

    ReplyDelete
  18. AnonymousMay 7, 2015 at 6:01 PM

    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

    ReplyDelete
  19. AnonymousMay 7, 2015 at 7:46 PM

    Beware , the devils have infiltrated Tabung Haji top management!

    ReplyDelete
  20. UnknownMay 8, 2015 at 3:12 AM

    Untunglah kroni dia

    ReplyDelete
  21. AnonymousMay 8, 2015 at 6:30 AM

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

    ReplyDelete
  22. AnonymousMay 8, 2015 at 6:50 AM

    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

    ReplyDelete
  23. AnonymousMay 8, 2015 at 6:57 AM

    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.

    ReplyDelete
  24. AnonymousMay 8, 2015 at 10:20 AM

    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.

    ReplyDelete
  25. AnonymousMay 8, 2015 at 5:05 PM

    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.

    ReplyDelete
  26. korupsiMay 11, 2015 at 9:55 PM

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

    ReplyDelete
  27. AnonymousJune 7, 2015 at 1:21 AM

    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.

    ReplyDelete