It says cost of development and construction of Movie Animation Park Studios has gone up from RM390 million to RM607 million.
IPOH: Former Perak menteri besar Zambry Abd Kadir must explain and take responsibility for the ballooning of costs for the development and construction of Movie Animation Park Studios from RM390 million to RM607 million, says Perak Corporation Bhd audit committee chairman Chong Zhemin.
However, there were questions on several decisions and lopsided agreements that could be raised, he said. Chong also asked Zambry to explain why he allowed PCBD, which owns a 51% stake in ATP, to be solely responsible for the additional funding of MAPS by approving three shareholder advance agreements totalling RM250 million.
“However, RSG Maps Sdn Bhd , which holds 49% of ATP, only paid RM6.25 million to ATP while RM204 million was given to ATP by PCB and its subsidiary, PCBD,” he said.
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