KOTA KINABALU, Aug 2 — Alarmed by the recent move by the state government to push through with a controversial carbon trading deal, a coalition of civil societies in Sabah is set...
KOTA KINABALU, Aug 2 — Alarmed by the recent move by the state government to push through with a controversial carbon trading deal, a coalition of civil societies in Sabah is set to file a judicial review against the state government to ensure that due diligence and other requirements are followed in the process.
“This concern for proper governance is why Sabah’s civil society organisations are now initiating a Judicial Review to determine if the state government complied with the relevant laws and procedures in the approval of the NCA,” she said. Hoch Standard Pte Ltd is listed by the official Accounting and Corporate Regulatory Authority of the Singapore government as entirely owned by a new entity called Lionsgate Ltd in the British Virgin Islands. Meanwhile, the actual owners of Lionsgate are hidden.
The controversial NCA, signed in a low-profile ceremony in October 2021, gives the rights to Sabah’s natural resources from over two million hectares for 100 years for carbon trading to Hoch Standard.
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