The MP for Bandar Kuching has reportedly accused the Sarawak state government of alienating 269 acres of land near the Kuching airport to a private company at a “obscenely under-priced” rate.
Chong Chieng Jen alleged the alienation rate was RM291,000 per acre on average, according to a Malaysiakini report. “The market rate is between RM1.5 million and RM2 million per acre. Had the government gone for public tender, the state could have (earned) RM400 million to RM500 million,” the popular web portal quoted him as saying.
Monarda Sdn Bhd, a dormant company that has a paid-up capital of RM100, only paid about RM78 million for the three parcels of land, he said.
According to Malaysiakini, Monarda is headed by Taib’s eldest son Abu Bekir, who holds 52 shares. Other shareholders include Taib’s daughters Jamilah and Hanifah Hajar, and Taib’s daughter-in-law Anisa Hamidah Abdullah, who hold 12 shares each.
Chong Chieng Jen alleged the alienation rate was RM291,000 per acre on average, according to a Malaysiakini report. “The market rate is between RM1.5 million and RM2 million per acre. Had the government gone for public tender, the state could have (earned) RM400 million to RM500 million,” the popular web portal quoted him as saying.
Monarda Sdn Bhd, a dormant company that has a paid-up capital of RM100, only paid about RM78 million for the three parcels of land, he said.
According to Malaysiakini, Monarda is headed by Taib’s eldest son Abu Bekir, who holds 52 shares. Other shareholders include Taib’s daughters Jamilah and Hanifah Hajar, and Taib’s daughter-in-law Anisa Hamidah Abdullah, who hold 12 shares each.
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