Land flip exposed | Selangor Times
Saturday
20·01·2018
Issue 118

 

Senedi
Land flip exposed
Writer: Gan Pei Ling
Published: Fri, 18 Nov 2011

SHAH ALAM: Opposition leader Datuk Satim Diman and a private developer made millions in profit via questionable land deals in 2006, the state assembly was told this week.

Tan Sri Khalid Ibrahim said the state had allocated 80 acres of land for the solar valley Science Park II at no cost to the Selangor Agricultural Development Corporation (PKPS).

“PKPS then sold the land to Nikmat Inai Sdn Bhd, where Satim is a shareholder and director. But before the company had even completed payment to PKPS, the land was re-sold to PKNS (Selangor Development Corporation),” said the Menteri Besar.

PKPS sold the land for RM6.5 million to Nikmat Inai, who in turn sold the land at more than double the original price to PKNS.

According to the sales and purchase agreement dated Aug 10, 2006, Nikmat Inai sold the land for over RM19.2 million to PKNS. In the process, Nikmat Inai made at least RM12.7 million.

“PKNS could have bought the land directly from PKPS,” said Khalid’s political secretary, Faekah Husin.

She urged the Malaysian Anti-Corruption Commission (MACC) to investigate the case.

At that time, Satim held a 30% share in Nikmat Inai while developer Talam Corporation Bhd’s subsidiary Supreme Precious Sdn Bhd owned the remaining 70%.

Based on documents shown to Selangor Times, Nikmat Inai then had three members sitting on its board of directors – Satim, Jasni Othman and Theong Meow Nam.

Khalid described the episode as “shameful” while winding up the budget.

When contacted by Selangor Times, Satim declined to comment on the disclosures, saying the expose was merely an attempt by Khalid to “provoke” him.

In another case, a former Menteri Besar, a wife of the Agriculture and Agro-based Industry Minister and local political leaders are alleged to have received land in Alam Perdana during the Revolusi Hijau policy.

“The land was sold to Barisan Elit (Sdn Bhd) to build an industrial park even though the land status remained agricultural. The project went ahead while the state lost millions in land premium,” said Khalid at the Selangor state assembly.

The current state administration finally compelled Barisan Elit to change its land status from agriculture to industrial in accordance to law and paid RM29 million in land premium.

 

 Selangor Times

 

 

Also in News:

Trade in old for new at Aino Living

BN resorting to dirty tactics

Over 100 banners bearing DAP and PAS logos and containing misleading messages around Selangor were taken down by Pakatan Rakyat leaders last weekend, and they are urging Barisan Nasional to stop these dirty campaign tactics.

Roof for sports facility

Youths living in Section 6 can now play basketball and volleyball in the public court come rain or shine after a roof is completed.

Worried residents want vacant plot fenced up

Broken house and car windows along Jalan Bukit Permai 2/4 caused by children playing football on a vacant piece of land there are making residents fear for their safety, and they want the place fenced up.

Hostel for landslide victims

Landslide-stricken Seri Beringin Apartment and Kampung Pasir residents were finally moved to Kompleks Rakan Muda hostel on Sunday, after being evacuated from their homes last Wednesday.

 

 

VIEWS

 

 

MEDIA

 

 

 

TECHNOLOGY

From Windows to a Mac: A guide

 

 

FOOD

In for a sweet treat

 

 

TRAVEL

A Majestic presence

 

 

 

 

Copyright © 2018 Selangor Times. All rights reserved. Designed By Senedi
Twitter