Developer TRX City Sdn Bhd (TRXC) said today it has filed a police report on the transfer of RM3 billion of its funds to scandal-plagued 1Malaysia Development Bhd (1MDB).

TRXC said in a statement that the funds were transferred based on instructions from 1MDB and were diverted from their intended use for the Tun Razak Exchange and Bandar Malaysia projects.

“A total of 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,” the firm said.

It also pledged full cooperation to the police.

The report was lodged at the Jalan Travers police station here on Friday, following Finance Minister Lim Guan Eng’s revelation that day that the amount was siphoned off to pay debts accrued by 1MDB.

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