1MDB TRANSFERS OWNERSHIP OF ALL ITS LAND TO MoF INC

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1Malaysia Development Bhd (1MDB), the government’s strategic development company, has transferred ownership of all its land, including plots in Air Itam, to the Minister of Finance Incorporated (MoF Inc).

Its Ceo Arul Kanda Kandasamy said that under the rationalisation plan, the land now comes under the purview of MoF Inc upon the recommendation of the Public Accounts Committee (PAC).

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