Talam debt: Audit needed on state agencies

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A thorough independent audit is needed on the Selangor state agencies that are owed RM391 million by Talam Corp Bhd to find out how the debt arose and who is responsible for allowing it to linger. What wonders it would reveal!

The stage agencies concerned are subsidiaries of Selangor Development Corporation (PKNS), Kumpulan Darul Ehsan Bhd [...]

A closer look at Talam Corp Bhd

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The Selangor government’s decision to approve an additional RM391 million budget allocation to Mentri Besar Inc (MBI) to take over the debts owed by Talam Corp Bhd to three state agencies has stirred controversy.

Basically, under the move, MBI will use the money (via Selangor Industrial Corporation as a channel?) to settle the amount that Talam [...]