Buzz Sociopolitics Malaysia: Talam debt recovered?

When a issue of Selangor MB Inc. (MBI). liberation bid of Talam debt to multiform state GLC hits a headlines about a year back, there were most eagerly attack a Selangor MB over his effort. you chose to give him space as well as a good of disbelief deliberation his corporate background. We contingency appreciate which you are traffic with an intelligent person which is far superior to a dentist notwithstanding his domestic handicap.

Last week when a MB voiced in a State Assembly which he plans to announce a sum of a liberation program, you waited eagerly. you searched everywhere as well as you contingency contend which you am unhappy as there is very small report available. you had to scout multiform places all over a web to put a pieces together. you contingency contend you am still disappointed.

To date, it seems a actual worth of a debt is unclear. It has been reported which a worth is RM391 mill, 391.8mill, RM391.99 indent as well as RM392.02 mill. Along a line Talam paid RM50 indent in cash. Talam sole a piece of land identified as Bukit Beruntung (X acres) to MBI for RM150.61mil. It appears which subsequently MBI sole partial of a land to PKNS for RM16.9 indent as well as 1,312.89 acres to PNSB during a price of RM180 mill.

In FMT it was reported which a SSG conduct to redeem 6000 acres of land (which you think is not associated to a MBI deal) though due to Talam disaster to compensate a premium to a state. FMT also reported which MBI in opposition a debt with 1300 acres of land in Bestari Jaya, 1000 acres in Bukit Beruntung as well as 1000 acres during Kuala Langat. FMT also mentioned which a land was valued during RM5 psf. If you take a total of land MBI acquired (excluding a ! misleadi ng 6000 acres) a total area would be about 3300 acres as well as during RM5, a total worth is RM718.74 mill. The indicate you am trying to make is which a worth does not gel.

In Selangorku website, a MB expelled more deceptive statements in conditions of projected worth of a land acquired. This refers to a gross growth worth as well as should not be confused with a actual worth of a land. As partial of a residents of Selangor, you all deserved clear as well as transparent information. Right right away a MB has unsuccessful to yield it notwithstanding publicly announcing it which will do so today. Similarly in Jul 2010, it was reported which a MB will release a white paper on a subject matter though to-date SSG has not finished so.

I have requested to a MB via twitter to release a simple monetary statement to show what is a incoming as well as what is a outgoing. That alone would be enough to establish if a SSG conduct to pick up 100% of a debt. In any box even if a benefaction SSG conduct to get usually 50% of a debt it is much better than a previous supervision who combined a debt though unsuccessful to redeem them for 10 years

Courtesy of Bonology.com Politically Incorrect Buzz & Buzz

Buzz Sociopolitics Malaysia