S’gor MB probes Saudi apartments purchase in 2007

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Selangor Menteri Besar Khalid Ibrahim has hit back with queries over the purchase of a dozen apartments in Saudi Arabia in 2007 by a wholly owned Selangor government subsidiary, Permodalan Negeri Selangor Berhad (PNSB).

These must be some apartments: they cost about RM2 million each.

In a press release issued by his office tonight, he put the spotlight on a puzzling set of transactions. This is an excerpt from the press statement:

According to the PNSB Directors Circular Resolution dated 14 September 2007, PNSB had approved for the purchase of five units of properties amounting to RM8,352,427.66.

However, records showed that PNSB had between September 17, 2007 and September 19, 2007 transferred RM25,603,545 to Saudi Arabia for 12 units of properties. Between September 25, 2007 and October 3, 2007 PNSB received cheques amounting to RM17,251,092 from an individual ā€“ said to be for the purchase of seven units from PNSB at the price PNSB had paid for. No official receipt was issued to acknowledge it.

Subsequently, in 2008 it has come to the attention of Board of Directors that PNSB prepared and signed four cheques amounting to RM8,000,205.20 to an individual. The individual is the same person who had earlier handed over cheques to PNSB amounting to RM17,251,032 stated above.

However, three of the four cheques prepared and signed by authorized signatories were then cancelled. The fourth cheque amounting RM2 million was released and banked in into the account of the individual. PNSB then arranged with the bank to stop payment.

Between the date of the acquisition of the additional seven units making a total of 12 units and the disposal of the seven units leaving five units in the hand of PNSB, there was no Board of Directors Meeting or Board of Directors Circular Resolution for the transaction.

Up to the point of issuance and cancellation of cheques to the individual, no Board minutes or circular resolution were made.

It should be noted that the acquisition was made in the name of the then PNSB Chairman Dato Sri Dr. Khir Toyo as Saudi requirement that properties within the Mecca must be in the name of Muslim individuals. At the Board of Directors meeting on December 2007 Dr Khir disclosed the facts the properties are in his name but assured that he will not be making any claim over the property. However, there was no mention of the exact number of units held by him.

The above actions are certainly puzzling. Why did PNSB pay more than RM25 million when the board only approved about RM8 million for five units? Why did it then accept about RM17 million ā€“ said to be for the sale of the seven units? Why did it then attempt to re-purchase the units it had sold off?

Menteri Besar Tan Sri Abdul Khalid Ibrahim, who is the chairman of MBI, intends to find the answers to the above questions and will not hesitate to take strong action should there be any criminality involved.

Onee big question is, why is a Selangor government subsidiary buying and selling apartments in Saudi Arabia?

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kplee

Now where are all these … from MACC??? This is a clear case of corruption. Yet they waste their time and make themselves fools doing the wrong thing like questioning the Speaker.
They should zoom in straight on… KT on the Saudi issue.
There again, these … either they do not know what they are supposed to do or are just dare not touch their masters in UMNO.
Real Bolehland.

R.Prem Kumar

YAB should just get to the bottom and let him explain in open court. This Toyo should be spared no mercy.

amoker

If it is indeed Khir in this story, he should be really ashamed to be talking about morality…

yamanta

Another AhMAD in penang try to make some MAD THINGS

Ganesh

MACC is not interested in this issue? Or are they more interested in lembu issue?

Tommy

Well, since all the evidence are there, lodge police report and MACC. Monitor their response. After a week still no response, lodge another report on the frst report and so on. Week after week if reports are lodged then they will be tired and have to react.

Tuah

This (appears to be a) case of criminal breach of trust. Make a police report.

karma

This dentist turned politioian has to be investigated further. The people have rejected him yet he is yelping for power. The whole world has acknowledged MB Khalid as he was a corporate figure. MB Khalid is a man of substance and he is doing wonders to make Selangor progress. The people of Selangor will support him. Don’t worry.

Lim GL

Penang has more shit than that. Look at the case of the Phor Tay School in Gottlieb Road. Why did they more it out? What did the government say? What kind of deal was it? What kind of land was exchanged? There are just too many questions……..and why was a government school allowed to move out???

Malaysian

DEAR DEV, VOTES ARE A STRONG WEAPONS TO TOPPLE THE BN GOVT..NO DOUBT ABOUT THAT. HOWEVER IN MALAYSIA, BY JUST GOING OUT AND VOTE WILL NOT CHANGE THE STATUS QUO. EVERY GENERAL ELECTION, BN WILL WIN. THIS IS DUE TO THE FACT THAT EVERY ELECTION IS NOT A CLEAN AND FAIR ELECTION. (1) MAIN STREAM MEDIA COVERAGE….BN WITH THEIR MAIN STREAM MEDIA CAN EASILY COVER WHOLE MALAYSIA WITHOUT THEM HAVING TO GO PLACES. PR CANT DO THAT THUS HAVING TO MOVE FROM ONE PLACE TO ANOTHER WITH LIMITED FUNDING AND MANPOWER. (2) CORRUPTION…IN EVERY GE, BN WILL PROMISED BILLIONS OF… Read more »

Malaysian

I DONT BELIEVE ANY CHANGE FOR THE BETTER WILL COME OUR WAY WITH BN STILL RULING MALAYSIA. I EXPECT UMNO OWN MEMBERS WILL REVOLT AGAINST UMNO ONCE THE COUNTRY’S FUND IS NOT ENOUGH TO CIRCULATE BETWEEN THEM (EXPORT NOSE DIVING, FDI CONTRACTING, EXISTING FOREIGN FUND FLEW OUT IN DROVES). HOWEVER I HOPE DATO SERI ANWAR IBRAHIM WILL TAKE OVER THE COUNTRY BY MARCH WITH THE SUPPORT OF DEFECTORS FROM BN. I SAID THIS BECAUSE NOT ONE IDIOT IN UMNO CAN RULL MALAYSIA EFFECTIVELY. EVEN THOUGH PR STATE GOVT IS JUST A YEAR OLD, THE RESULT IS ENCOURAGING. WITH THE LIMITED… Read more »

tan, tanjong bungah

Hi everyone, Expose all the misdeeds, corruptions, abuse of power, etc, in the previous govts. More important, where legal actions can be taken, do it and bring to book all corrupt past and present administrators, be they politicians or civil servants. Surcharge and recover wherever possible taxpayers money. The snail pace with which PR State Govts are going about uncovering past misdeeds of previous govts, taking legal action, etc, is rather disturbing! Do it fast while the evidence is there, lest your own administration is illegally taken over like in Perak. Once exposed, let us see how the rakyat would… Read more »

dev

It (appears) that the civil servants are now trying their best to sabotage the respective PR state governments and return them to the …. who feed them. We people have to blame ourselves because we don’t use the God given gift of the vote, well enough. Every by election from the 2 or 3 Bukits and Batang Ai in Sarawak, we the people must teach these elitist leaders of the Federal Government and their civil servant henchmen a good lesson. PR put in capable candidates and the rest leave it to the people. Keep the pressure on them just like… Read more »

Shamadz72

Can someone tell MACC how many cows Khir Toyo will be able to purchase with that amount of money? šŸ™‚

Joe

No need to ask so many questions. Everything will be swept under the carpet. The end of the day it will be announced NFA (No Further Action) and there will no case as these are done under the UMNO cronies. MACC only goes after cars and cows, and trivial issues. What happened to the big issues like PKFTZ,the aborted sports complex in UK, etc.

True-Leaders.com

RM25 million? C’mon man. This is just the tip of the iceberg …

In the last couple of weeks, our man Toyo has been really active. He’s been to Penang for an illegal demo, made fun of Elizabeth & managed to get Khalid into trouble over some cows… Amazing!
I wonder what’s his next stunt in his quest for UMNO Youth Head.
I hope at least the UMNO people who will be voting has the good sense to get rid of this character.

peng

Let’s see if MACC will be as efficient, in terms of speed and impartiality in handling this report. MACC’s action on this will be an obvious proof of their professionalism (if there’s any).

ycg

for a rakyat like me and you, is there a point in this you blame me then i blame you game? it only goes to show that both party is stained with questionable acts…only which one is dirtier but both are dirty nontheless. i have a question for dato khalid about your accusation against toyo, should the senario be that this toyo is not persuing the case about you and the cows and the car, would you have expose this anyway? to me, if you have these evidence (possibly more) in your hand but you choose to only reveal them… Read more »

imwatchinu

Let’s see how fast MACC is going to react on this. Surely if there’s anything that demand their immediate attention, this is it.

Sarah

i think purchasing apartments in Saudi will be for investment purposes, since Muslims go for haj and umrah, and properties in Mekkah/Madinah can fetch really high prices and yield high profits. But where the profits goes to,whether it goes back to Selangor tax payers, this is the bigger question.

Ismandy Hamza

Yeah I agree with wandererAUS. Kick their ******. Let them walk with their tails between their legs. … Don’t just talk. Counter sue them *******. Public enemy No.1 – BN and their gangs. Especially those corrupt UMNO leaders who have been swindling public funds for themselves and family but disguised as trying to help the poor Malays. Mana ada wang ditujukan untuk orang Melayu. HoOOOOOOOOOOIIIIIIIIIIII orang Melayu!!!!!!!!! jangan jadi buta, tuli dan bisu lah. Dan jangan jadi bodoh lah. Kalau nak perjuangkan hak dan ketuanan Melayu, hah… ni lah masa nya. Kita bangaun bersama PR …. Apa mcam? setuju tak?… Read more »

hafizwm

Please bottle up this toyo

anna brella

Think PR have been given a golden opportunity to bring to light, what must be layers upon layers of financial impropriety and mismanagement of public funds in the five states they are now governing. PR would be well advised to set aside some justifiable state funds to pay for the independent services of a good forensic team of auditors to do some detailed due diligence digging and tracing on behalf of the taxpayers/rakyat in those states. Given the other crowd were in power in those five states for so long, and so must have naturally become a little too comfortable… Read more »

wandererAUS

Good on you Khalid! Dig the filth out.
The Vietnamese has a saying, “Be brave, enter the cave, catch the tiger”

Katharina Sri (former: Noor Aza Othman)

Yang dihormati Menteri Besar Selangor dan Pakatan Rakyat, Tolong siasat penjualan flat-flat berkos rendah di sekitar Batu Caves, termasuk Flat Pinggiran, dan tanah untuk kampung-kampung Pendatang Indonesia yang makin berleluasa! Bahkan mereka ini tidak lansung menghormati ornag tempatan termasuk wanita Malaysia, termasuk saya sewaktu saya melawat rakan saya, yang termasuk dua atau tiga orang rakyat Malaysia yang dapat flat di Pinggiran itu. Hampir kesemua flat berkos rendah di situ, habis diboikot pendatang dari Indonesia terutamanya dari Jawa, terutamanya sewaktu Khir Toyo jadi MB! Ini adalah menyalahi undang-undang! Rakyat Malaysia ramai yang miskin, rumah pun tak ada; cuba ke estet-estet di… Read more »