Will Tabung Haji confirm or deny 1MDB land deal rumours?

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Tabung Haji Chairman Refuses to Confirm or Deny 1MDB Land Deal Rumours

Lembaga Urusan Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has declined to either confirm or deny reports suggesting the pilgrimage fund plans to acquire land from 1Malaysia Development Bhd (1MDB). This statement follows an earlier denial issued by Abdul Azeez on Twitter, where he stated the allegations were untrue and that Tabung Haji would release an official statement shortly.
Previous Denial and Pending Statement

Earlier, Datuk Seri Abdul Azeez Abdul Rahim had addressed the rumours via his Twitter account, labelling the allegations of a land deal with 1MDB as "not true." He indicated that Tabung Haji would soon issue a formal statement to clarify the matter. However, when contacted directly, he opted not to comment on the speculation, reiterating only that an official statement was forthcoming.
Reuters Report on Proposed Land Sale

International news agency Reuters, citing sources with direct knowledge, reported that 1MDB is preparing to sell two parcels of land within its Tun Razak Exchange development to Tabung Haji. The reported sale price for these plots is approximately RM700 million. This potential transaction would mark the initial asset disposal by 1MDB since its announcement in February regarding plans to divest assets to alleviate its substantial debt.
1MDB's Debt Burden and Asset Disposal Strategy

The reported land sale to Tabung Haji is framed as part of 1MDB's broader strategy to manage its significant debt, which amounts to US$11.6 billion (RM41.658 billion). This considerable debt has been a point of concern, impacting the Malaysian ringgit and the nation's sovereign credit rating. 1MDB, an entity chaired by Prime Minister Datuk Seri Najib Razak, has faced ongoing scrutiny regarding its financial management and debt levels.

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Will Tabung Haji confirm or deny 1MDB land deal rumours?

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