RM3 billion misappropriated from TRX project to pay off 1MDB debts, says Guan Eng

MORE than RM3 billion in government funds was misappropriated from the Tun Razak Exchange (TRX) project to pay off 1Malaysia Development Bhd debts, said Lim Guan Eng today.

The finance minister said the previous Barisan Nasional government, since 2012, had guaranteed borrowings, extended advances and provided transfers to, as well as purchased land from, TRX City, amounting to RM3.688 billion.