30 SENFORDELIVERYVIAYOURVENDOR. CALL 03-77852731
No. 7077 PP 2644/12/2012 (031195) www.thesundaily.my
Striker’s deflected second-half goalgives Spain their
firstwinof the tournament to helpkeeppace withPortugal
TELLING IT AS IT IS
X Allministries tobe audited page02
X World Cup special
X Najib’s denials rubbished page03
ON FRIDAY JUNE 22, 2018
Ney tog aki
TRX to goon
Govt to inject RM2.8b into project after RM3b misappropriated from it by 1MDB
billion of government funds were misappropriated from TRX City Sdn Bhd (TRXC), resulting in a lack of funds to complete the TRX project. “Since 2012, the federal government has guaranteed borrowings, extended advances and provided transfers as well as purchased land fromTRXCamounting toRM3.7billion,” he told reporters yesterday. “Of this RM3.7 billion of transfers, a total ofRM3 billionweremisappropriated by 1MDB, mainly for 1MDB loan repayments.”
BY EVA YEONG firstname.lastname@example.org P UTRAJAYA: The Finance Ministry will inject up to RM2.8 billion in additional funds to complete theTun Razak Exchange (TRX) project after confirming that RM3 billion has been misappropriated from it to service the debts of 1Malaysia Development Bhd (1MDB). FinanceMinister LimGuan Eng saidRM3
AMIRUL SYAFIQ / THESUN
Artist's impression of the TRX project.
PublicAccounts Committee as it was unable to secure land sales or bank financing, due to its associationwith 1MDB. Lim said the management of TRXC, represented by its CEODatukAzmar Talib and executive director Tan Hwa Min, has been instructed to lodge a report with the investigative panel of 1MDB and the police on themisappropriation of funds. “Themoney is not there for thedevelopment of the project. I think it is very clear who authorised it.Wewill let the investigative panel handle it because this involves individuals… the present CEO would be able to answer who instructed themoney to be used. He will play a very important role in the report, on what TURN TO PAGE 03 X
If the project is not completed, there would be RM3.51 billion of compensation claims and an ‘eyesore’ of an abandonedmega project in the heart of Kuala Lumpur." – LimGuan Eng
TRXC is a wholly- owned subsidiary of the Finance Ministry and is the master developer for TRX. It was formerly known as 1MDB Real Estate Sdn Bhd and was formerly a subsidiary of 1MDB. T R X C w a s transferred to the ministry on March 31, 2017 as advised by the
The Exchange 106 Tower is almost 90% completed.
Pay cut for takingbreak3minutesearlier TOKYO: A Japanese city official has been repri- manded and fined for repeatedly leaving his desk during work hours – but only for about three minutes to buy lunch. news conference to apologise. “It is deeply regrettable that this misconduct took place. We are sorry,” a bureau official told reporters, bowing deeply.
The worker was in violation of a public service law stating that officials have to concentrate on their jobs. The city had previously suspended another official in February for a month after he left his office numerous times to buy a ready-made lunch box during work hours. The official was absent a total of 55 hours over six months, according to the city. – AFP
The official, who works at the Waterworks Bureau in the western city of Kobe, began his designated lunch break early 26 times over the space of sevenmonths, according to a city spokes- man. “The lunch break is from noon to 1 pm. He left his desk before the break.” The official, 64, had half a day’s pay cut as punishment, but the firm’s bosses later called a
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