Showing posts with label KLIDC. Show all posts
Showing posts with label KLIDC. Show all posts
From DAP Insider:


“I do not understand why my agreement to selling the house to CM has been blown up to such a big national issue when I have no business dealings with the state government.”

The above words were in the Statutory Declaration affirmed by Miss Phang Li Koon, the seller of the underpriced Bungalow to Penang CM Lim Guan Eng.



This is an absolute lie. Phang Li Khoon and her boss for 20 years who also owns KLIDC have had many business relationships with the Penang State Government through many different companies.

One of these companies is Magnificent Emblem Sdn Bhd, which is also involved in property development – which means it is inevitable that it must deal with the state government.Here is a letter signed by Phang on behalf of Magnificent Emblem where KLIDC owner Tang Yong Chew is the majority shareholder and Phang the minority shareholder.

You can compare her signature with the one on the SD above.






Click here for more shocking information and documents:





DAP Insider
Despite Lim Guan Eng’s frequent denials that he was not involved in the award and the approvals of the KLIDC project, this document proves otherwise.


A 20th April 2012 memo sent by Dato Ng Wee Kok, a Special Assistant to Lim Guan Eng, sent using the letterhead of Chief Minister’s Office, shows that Lim Guan Eng had personally intervened to improve the plot density of the planned development of the Taman Manggis land for the benefit of KLIDC Sdn Bhd
This memo was addressed to the Penang State Secretary, Dato’ Seri Farizan Darus, and to then President of the Majlis Perbandaran Pulau Pinang (MPPP) and now Mayor of the Penang Island City Counci, Datuk Patahiyah Ismail.
The memo states that personally written instructions (catatan) by Lim Guan Eng to the State Secretary and MPPP on a request letter from KLIDC was attached.
While I have not been able obtain the attached letter, my source have told me that it was specific instructions to increase the plot ratio of the approval from 1:55 to 1:7 – which gives building floor space approval equivalent to two additional plots of the Taman Manggis land.

Simple calculations using the increased plot ratio and a conservative commercial built-up price of RM300 to RM400 per square feet would show that this personal intervention by the CM would have increased the commercial value of KLIDC’s project by another RM30 million to RM40 million.
Recent signed and stamped sale documents by KLIDC exposed by Rahman Dahlan had shown the land and project is now worth RM70.6 million, a huge RM59 million windfall profit above the RM11.5 million paid to the state govt six years ago even though the land remains undeveloped.

We call on the investigating authorities to haul up the names in this leaked memo for immediate questioning to determine the truth about the memo and if the Chief Minister’s unusual personal intervention on a land matter and building approval may have unfairly benefited KLIDC and the value of their land.
LSS Report:


My replies (in blue) to CM Lim Guan Eng's Taman Manggis/Bungalow Scandal FAQ post today:

The real story behind the sale of Taman Manggis land and the bungalow house controversy (En/Bm/Cn)

CM LIM GUAN ENG·MONDAY, 11 APRIL 2016


The real story behind the sale of Taman Manggis land and the bungalow house controversy

Introduction

UMNO and Barisan Nasional have been making various false accusations against the Penang state government and Chief Minister Lim Guan Eng over the sale of Taman Manggis land and the Chief Minister’s house. Through the BN-controlled mainstream media, the state government and the CM have been continuously attacked with false accusations. The following is the true story behind the issue.

Background of Taman Manggis Land

Taman Manggis land is located at the junction of Jalan Zainal Abidin and Jalan Burmah in George Town, Penang. According to a 2001 layout plan submitted by the National Housing Department (under the Housing Ministry) Taman Manggis was designated "for future development". A declassified Penang state EXCO minutes in 2005 shows that the BN state government had wanted to tender out the land to private developers for mixed-development projects with shop houses and government quarters.


LSS: It was a suggestion brought up for discussion that was not even approved. Even if it was approved, it would still be public housing and not sale to a private company. The fact that the DAP Penang Govt was still able to sell this land in 2009 shows that this proposal in 2005 did not proceed.



Another EXCO minutes in 2007 shows that the BN state government rejected the federal government's application to build public housing in Taman Manggis.

This is a blatant lie. The 2007 letter was from the federal govt to take ownership of the land of the ENTIRE Taman Manggis affordable housing project which is a standard practise by the federal govt - not just the 1.1 acres for phase 2. Please read the letter carefully and don't lie anymore.



In 2010, Kuala Lumpur International Dental Centre (KLIDC) had purchased the 1-acre land which was earmarked as “future development” via open tender to build a hospital to promote medical tourism.

For public and affordable housing, the Penang state government has allocated another 11-acre piece of land in Jalan S.P. Chelliah.

LSS: Again this is incorrect. The houses in the Chelliah project starts at RM72,500 +RM20,000 for a carpark. It is not a direct replacement for the PPRT projects in Taman Manggis Phase 2 where houses would be for rental at RM100 per month or sold for RM40,000 each.

In any case, why should it need to be a replacement when both projects can proceed together? Is it because Penang already have too many affordable homes already?



Open tender means awarding to the company that paid the highest price per square foot. KLIDC was the highest bidder in the open tender exercise.

The Penang State Tender Board that granted the bid to KLIDC is chaired by the Penang State Secretary. The Penang Chief Minister is not a member of the Tender Board.

LSS: It was never an open tender. Please know the difference.
A Request for Proposal (RFP) is an invitation to enter into negotiations. When the successful party is chosen, they have been granted the opportunity to negotiate with the owner/developer for the work, but they have not yet been awarded the contract. 
In contrast, a call for tenders (or open tender) is a more formal, detailed process that gives the bidders the assurance that if they put forward the best bid, judged according to the criteria set out in the tender, they must, in accordance with the law, be awarded the job.

A RFP would NOT be an open tender.
A RFQ (Request for Quotation) would be an open tender. 
In the Taman Manggis case, it is not an open tender at all. To even come close to anything considered as open, they would also have to open up all the bid proposals - whether the winner or the losers - to the public for scrutiny.
And it is also severely restricted in terms of bidders who have experience running a specialised medical center. (see picture)



Click here for the rest of the post written by Lim Sian See.


http://limsiansee.blogspot.my/2016/04/cm-lges-faq-on-skandal-banglo-manggis.html?m=1

KLIDC: ZERO EMPLOYEES, Emphasis on Matter, negative asset values

The Chinese press have started doing their own investigations and found that even in 2010, KLIDC had net negative asset values.

Even in 2010, the auditors even questioned KLIDC and wrote in the accounts that there is significant doubt the company can continue to operate as a going concern - which led to an "Emphasis of Matter" in their accounts - essentially saying the company has negative assets and is technically bankrupt even then.



Perhaps Tony Pua can help explain this.

But still, the Penang Govt officially awarded the Taman Manggis PPR land RFP to a technically bankrupt KLIDC in July 2010 - beating out 3 other bidders that soon after the RFP closed, had strangely been dissolved, wound up or liquidated.



In fact the Chinese press even pulled out the financial statements for every every from 2010 to 2014 and found that the company have not been financially sound.

And worse - from 2013 to 2014, the number of employees dropped from 12 to ZERO. Revenue also dropped to zero.

Yes, there were zero employees in KLIDC in 2014.



But DAP YB and Penang EXCO Chow Kon Yeow recently confirmed that KLIDC had submitted an application for planning permission on Feb 12, 2014 to build one block of 24-storey building consisting of a hospital, car parks and hotel suites.

Planning approval was given by the Penang Govt on Nov 18, 2014 and the building plan as approved on April 7, 2015.



The leasehold for the Taman Manggis land also got immediately extended to the maximum 99 years term by the Penang Govt in April 2015.

Just three months later, LGE officially bought the Pinhorn Road bungalow and put it in his own name at a hugely undervalued price.

Wow.. ZERO employees and company is financially not viable in 2014 and the Penang Govt still gave approval ?

Who then applied in 2014? Ghosts from Pinhorn road applied?

No wonder Raja Bomoh needs to go there urgently.

Looks like the DAP Penang Govt and the Chief Minister has lots more new things to explain in this Skandal Banglo LGE.

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http://www.enanyang.my/news/20160404/2014%E5%B9%B4%E6%88%96%E5%B7%B2%E5%81%9C%E6%AD%A2%E8%90%A5%E8%BF%90br-klidc%E8%B4%AD%E5%B1%B1%E7%AB%B9%E5%9B%AD%E5%89%8D%E5%B7%B2%E4%BA%8F%E6%8D%9F/

http://www.themalaymailonline.com/malaysia/article/penang-exco-blames-taman-manggis-controversy-for-hospital-project-delay
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