SEBERANG PERAI, Oct 10 Penang Chief Minister Chow Kon Yeow should suspend the controversial Byram Industrial Park deal between Penang Development Corporation (PDC) and UMECH...
1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst saysP. Ramasamy said Chow, as the PDC chairman, should do the right thing now due to the current controversy surrounding the project. — Picture by KE OoiSEBERANG PERAI, Oct 10 Penang Chief Minister Chow Kon Yeow should suspend the controversial Byram Industrial Park deal between Penang Development Corporation and UMECH Land Sdn Bhd, P. Ramasamy said today.
The former Perai assemblyman said Chow should admit that he had made a mistake in the land deal, but as PDC chairman and chief minister, he could still suspend the deal and investigate the matter. In Chow’s statements regarding the land deal dated October 3rd and yesterday, he mentioned that a subcommittee consisting of the then deputy chief minister I, deputy chief minister II, Datuk Abdul Halim Hussain and Datuk Seri Lee Kah Choon had discussed the deal in a meeting on November 28th last year.
He also stressed that the subcommittee did not make any recommendations that the land be sold to UMECH. “The 559 acres of land in Byram was sold at RM26.53 per sq ft when based on information from my sources, the value of raw land there is around RM80 per sq ft,” he said. The issue of the Byram Industrial Park’s direct award to UMECH Land by PDC was first raised by the Penang Chinese Chamber of Commerce last week after its president Datuk Seri Hong Yeam Wah reportedly demanded to know why the deal was not done through open tender.
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