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RM1billion scandal involving Pakatan Rakyat – ‘champion of transparency’

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PETALING JAYA, Malaysia – An alleged RM1bil (S$401 million) scandal involving the Selangor Pakatan Rakyat government, a public-listed company and abuse of public funds is set to explode.

MCA Young Professionals Bureau chief Datuk Chua Tee Yong sent out several tweets on the potential controversy yesterday, saying he would expose a “scandal involving RM1bil worth of wheeling and dealing”.

Chua said he had received information on the deals that were kept concealed through complicated transactions.

He said the deals were related to asset transfers, restructuring tactics and corporate exercises, among others.

“As Pakatan Rakyat claims to champion transparency, I challenge them to disclose details of the transactions,” said Chua, who is also the Deputy Agriculture and Agro-based Industry Minister.

Chua, who is an accountant and former chief financial officer of a government-linked company, said: “I will disclose more details so that the rakyat can judge if Pakatan Rakyat walks the talk, or merely makes empty promises.”

Selangor Barisan Nasional coordinator Datuk Seri Mohd Zin Mohamed said Pakatan should explain to the people why assets belonging to government-linked companies had shrunk.

“Reveal transaction records involving properties belonging to government-linked companies such as KDEB (Kumpulan Darul Ehsan Bhd) and PKNS (Selangor Development Corporation),” he said.

Meanwhile Gagasan Anti Penyelewengan Selangor (GAPS) president Hamizun Kamaruddin said he would also reveal hanky-panky involving the state government from time to time.

He said the alleged dubious deals included the transfers of PKNS assets to PKNS Holding to facilitate sales transactions and joint venture agreements.

Hamizun also questioned the de-listing of Worldwide Holdings Bhd, a real estate company in which the state government had the majority stake, two years ago.

He also called for thorough investigations into the sale of assets belonging to Yayasan Selangor, PKNS, Permodalan Negri Selangor Bhd and KDEB. – Asia One