Another case of land being transferred at what seems to be an undervalued price.
This legal suit regarding a land deal was reported in theSun.
The YBPP was set up to improve the economic lot of the Malays in Penang, but read below to find out what’s happened. Thanks to blog reader Tan, Tanjung Bunga for the alert.
Suit against agency over transfer of land
By: Himanshu Bhatt (Tue, 07 Sep 2010)newsdesk@thesundaily.com
GEORGE TOWN (Sept 7, 2010): Two Malay non-governmental organisations (NGOs) and 33 individuals have filed a suit against Yayasan Bumiputra Pulau Pinang (YBPP), an Umno-linked agency, after it allegedly transferred 280ha of land reserved for bumiputras to a development company with a non-Malay majority shareholder.

