Valuer: Incomplete build reason for RM3.5m Khir mansion price

A general view of a opening to Dr Khir's palace in Shah Alam. File pic

SHAH ALAM, Oct 31 Unfinished office building building a whole was a reason because Dr Mohamad Khir Toyo's palace as well as land was valued during RM3.5 million, a former Selangor mentri besar's crime hearing was told today.

Choy Yue Kwong, a valuer from Rahim & Co which had been appointed by HSBC to worth a cost of Dr Mohamad Khir's palatial home, testified which even RM 5.5 million was as well high a worth to put on a mansion.

He pronounced which there was no reason because anyone should "overpay [for] property," generally a chateau which was not nonetheless entirely constructed.

Responding to a question from counterclaim lawyer Datuk Jahabardeen Mohamed Yunoos, Choy pronounced which anyone who saw Khir's palace during a time of squeeze as well as still paid for it any volume over RM5 million was "not a advantageous buyer."

"What we saw during sight was a chateau underneath construction...I valued a skill as how it is, presumption which it was not completed," pronounced a counterclaim witness, who testified which was a reason because a palace was only valued during RM3.5 million as well as not more.

The charge has accused a former Selangor mentri besar of conspiring with a bank valuer to repair a cost of his Section 7 chateau as well as land here during RM3.5 million.

Dr Mohamad Khir has, however, denied a allegation as well as repeatedly stressed which a worth had been arrived during exclusively by Choy.

"If it is a office building similar to that, it is impossible to review a cost to an additional building; this is not a finish building," Choy said.

Dr Mohamad Khir is purported to have performed for himself as well as his wife dual lots of land as well as a chateau during No. 8 as well as 10, Jalan Suasa 7/1L from Ditamas Sdn Bhd by its director Sh! amsuddin Hayroni.

The skill was purchased during RM3.5 million nonetheless Ditamas had paid for it for RM6.5 million on December 23, 2004.

The contract was purported to have been done when Dr Mohamad Khir knew which Shamsuddin had ties with his central avocation as a Selangor mentri besar then.

Dr Mohamad Khir, a state assemblyman for Sungai Panjang, is purported to have committed a corruption during a central chateau of a Selangor mentri besar during Jalan Permata 7/1, Section 7 here on May 29, 2007.

Defence lawyers have formerly forked out which Shamsuddin had purchased a properties by his association on top of a market worth of RM4.3 million which was estimated by valuer Irhamy & Co behind in 2005.

The hearing resumes tomorrow sunrise with a charge cross-examining Choy.

The Malaysian Insider :: Malaysia

Courtesy of Bonology.com Politically Incorrect Buzz & Buzz

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