What projects were affected by the RM3 billion fund transfer?

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Tun Razak Exchange and Bandar Malaysia Projects Affected by RM3 Billion Fund Transfer

TRX City Sdn Bhd (TRXC) confirmed that the Tun Razak Exchange (TRX) and Bandar Malaysia projects were impacted by a RM3 billion fund transfer to 1Malaysia Development Bhd (1MDB). These funds were intended for the development of these two major projects.
Funds Diverted from Development Projects

The RM3 billion was transferred from TRXC to 1MDB between mid-2012 and early 2017, during which time TRXC was a subsidiary of 1MDB. The understanding was that these funds would be subsequently repaid to TRXC. However, these amounts were diverted from their original purpose for the TRX and Bandar Malaysia developments.
Police Report Filed on Fund Transfer

TRX City Sdn Bhd lodged a police report concerning the RM3 billion fund transfer to 1MDB. This action followed a revelation by the Finance Minister that the money had been siphoned off to cover 1MDB's debt repayments. The report was filed at the Jalan Travers police station.
Government Guarantees and Advances Extended

The previous federal administration had provided significant financial support to TRXC since 2012, including guaranteed borrowings, extended advances, and land purchases. In total, payments amounting to up to RM3.688 billion were issued, with a substantial portion, RM3.067 billion, allegedly misappropriated by 1MDB for its loan repayments.

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What projects were affected by the RM3 billion fund transfer?

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