TRX City lodged police report over funds transfer to 1MDB, last Friday

PETALING JAYA: TRX City Sdn Bhd (TRXC) lodged a police report last Friday with regards to the transfer of TRXC's funds to 1Malaysia Development Bhd (1MDB). 
It said in a statement that the report was lodged at Jalan Travers police station, Kuala Lumpur following the announcement by the Finance Minister Lim Guan Eng in Putrajaya last week.
TRXC stressed that it will give its full cooperation to the Royal Malaysia Police (PDRM). 
The transfers were made based on instructions from 1MDB and were diverted from their intended use, which were for the Tun Razak Exchange and Bandar Malaysia projects, according to TRXC.
 
"A total of about RM3 billion was transferred from TRXC to 1MDB between mid-2012 to early 2017, when it was a subsidiary of 1MDB, on the understanding that it would be subsequently repaid to TRXC."