The Damansara MP criticises the suggestion by Umno Youth chief Aysraf Wajdi Dusuki, saying the RM40 billion figure linked to TRX is only its gross development value. FMTNews TonyPua AsyrafWajdiDusuki TRX
PETALING JAYA: DAP’s Tony Pua hit out at Umno Youth chief Aysraf Wajdi Dusuki today for asking why Finance Minister Lim Guan Eng didn’t sell off 1MDB’s assets to settle its debts, estimated at about RM50 billion.
But Pua, who is the Damansara MP, said the RM40 billion figure often linked to TRX was its gross development value , not the value of the asset or the profits that could be made from the project. He said there was also an RM800 million loan for the project and the RM2.8 billion advance given by the government to save the project which was “nearly abandoned” under the previous administration.
Pua added that the valuation of TRX land did not take into account the fact that 1MDB had bought it from the government at a low price – RM230 million or RM75 per sq ft.
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