Majlis Amanah Rakyat (MARA) is set to explain allegations of corruption regarding a property deal in Melbourne, Australia.
According to a report in The Star Online, quoting MARA chairman Tan Sri Annuar Musa, MARA will do so in a press conference tomorrow.
Australian newspaper, The Age, today revealed MARA's link to the purchase of a property worth millions in Melbourne.
The newspaper claimed millions of government funds were used by a top Mara officer, senior official and former politician to buy an apartment block in Melbourne, Dudley International House.
The trio had allegedly ‘overbid’ for the building, from A$17.8 million to A$22.5 million (RM65.3 million), with the difference pocketed as bribes back home.
It said an Australian property developer involved, Peter Mills, last year conceded before a civil court that the difference of $4.75 million was "paid to grease palms to get the deal done".
Another developer, Chris Dimitriou, described the artificial inflation of the property price to $22.5 million as "overcharging".
The bribe was paid via sham invoices issued to the Australian developers from Malaysian companies. The invoices demanded payment for non-existent services, including "professional advice" and "consultancy and advisory fees".
The report also said when quizzed directly about the $4.75 million "kickback", Mr Dimitriou said he believed it "went to Malaysian parties" but said he "asked no specific questions" about the funds as he "was more concerned about getting the sale over the line".
The report said the building is a student hostel bought by MARA in the suburb of East Caulfield and accommodates up to 115 Mara students attending Monash University.
Astro Awani
Tue Jun 23 2015
Majlis Amanah Rakyat (MARA) is set to explain allegations of corruption ragerding a property deal in Melbourne, Australia.
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