MARA paid A$41.8 million (RM138 million) for a US$2 shell company incorporated in the British Virgin Islands (BVI) because it purportedly owned a Melbourne building, MalaysiaKini reports, citing documents it obtained.

The report said Scarlett Nominees Ltd sold BVI company Thrushcross Land Holdings Ltd to Mara Inc. Thrushcross Land claims to own the property UniLodge at 746, Swanston Street, Melbourne.