Tabung Haji not really bailing out 1MDB.

From the Star:

KUALA LUMPUR: Lembaga Tabung Haji will be selling the parcel of land it purchased from 1Malaysia Development Berhad (1MDB) and expects to seal a deal within a fortnight.

The pilgrimage fund chairman Datuk Seri Abdul Azeez Abdul Rahim said they were acting on the advice of Prime Minster Datuk Seri Najib Tun Razak to end the controversy that has made headlines the past few days.

"We have had three offers and we will announce the decision next week," he said in a press conference on Saturday.

Abduk Azeez  said all three offers were at least RM188.5mil but they were selling to buyer who would give them at least RM5mil profit.

Azeez said they received the advice, and not instructions, from Najib on Saturday morning.

He said the deal would be sealed in the next two weeks.

Honestly, Tabung Haji might be at fault for investing outside its mandate, but in the grand scheme of things, 188 million is hardly anything when compared to 40 billion that 1MDB owes.  At this point the scrutiny over 1MDB is incredibly intense and any small amount of money is lambasted extremely hard.

It's probably blown out of proportion as SRC international is on an even grander scale of 4 billion Ringgit which I'm surprised isn't picked up from by Dr. M.  1MDB scrutiny is ridiculous right now.  It's at a boiling point.

The offers for the land will be scrutinized and need to be by private parties or public companies else people will talk that another gov't entity is buying the land and covering up 1MDB.