What did 1MDB spend its RM1.6 billion sukuk on, ?asks Rafizi
About RM1.6 million of the RM2.4 billion sukuk 1Malaysia Development Bhd (1MDB)? issued through Bandar Malaysia Sdn Bhd in 2014 remains unaccounted for, says PKR's Rafizi Ramli. The RM2.4 billion sukuk was issued to pay for the relocation of the army base on Bandar Malaysia land, said Rafizi. Yet the state investment arm announced that the consortium purchasing 60% equity in Bandar Malaysia Sdn Bhd may assume 60% of the remaining RM1.9 billion cost of relocation of the Pangkalan Udara Kuala Lumpur (PUKL) relocation?. The total relocation cost of PUKL had actually been RM2.7 billion, so only RM800 million of the sukuk had been used so far to pay for PUKL's relocation costs, said Rafizi.
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