Monday, April 16, 2012

1MDB 'DIDN'T ORDER DEMOLITION'

KUALA LUMPUR: THE demolition of Imbi Palace Restaurant in Jalan Imbi, Bukit Bintang, on Saturday was not authorised by its landowner, 1Malaysia Development Berhad.

1MDB, in a statement yesterday, said it had never contracted or authorised any party to demolish the restaurant, which is located in an area earmarked for the proposed Kuala Lumpur International Financial District (KLIFD), which the company oversees.

"This is a case of dispute between the lessee and the sub-lessees on vacating the premises," said its corporate communications senior vice-president Shahriza Embi.

1MDB is a strategic development company wholly owned by the Malaysian government.

Shahriza said 1MDB would step in to mediate in the dispute that caused an unauthorised partial demolition of the restaurant. She said 1MDB had a firm policy of finding amicable solutions in its relocation exercises.

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