Chua: Why I keep on raising Talam issue
MCA's Chua Tee Yong pronounced whilst he is uncertain if there was any rapist offences committed in Talam issue, there was unequivocally a 'breach of trust' to voters
INTERVIEW
PETALING JAYA: MCA's Chua Tee Yong has been harping upon a single emanate for some-more than a month now: Selangor government's purported incompetency when it comes to recuperating a debts of developer Talam Corporation Bhd, right away Trinity Corp.
And despite confronting derision, contempt, as good as even a probable lawsuit over his brand new one-man crusade, Chua does not seem ready to let go. In fact, a Deputy Agriculture as good as Agro-based Industry Minister as good as Labis MP seems some-more sleepy as good as frustrated than ever which he is "not removing any straight answers" from a Pakatan Rakyat-run state .
In an speak with FMT, Chua affianced which he would go upon exposing purported indiscretions as prolonged as he receives inform from whistleblowers upon a supposed "RM1 billion controversial deal".
Since Jul 3, a MCA Young Professionals Bureau chief had embarked upon a array of revelations alleging which a state supervision had possibly used a little RM1 billion in open funds to bail out Talam.
He had purported which a state lied about fully recuperating a RM392 million debts when it "did not".
He questioned since in further to a RM392 million extra bill passed in a State Legislative Assembly in 2009, an additional RM676 million worth of resources were performed from Talam to further "assist" a then ailing company.
Talam Corp had previously due Universiti Selangor (Unisel) as good as Permodalan ! Nasional Selangor Berhad (PNSB) RM277 million as good as SAP Holdings a subsidiary of listed association Kumpulan Hartanah Selangor Bhd (KHSB) RM115 million, for a total of RM392 million.
In countless press conferences subsequently, Chua showed which in a debt-recovery practice several of a resources performed were controversial as good as questionable in nature. Chua had purported which most "worthless" resources were bought during overvalued prices, amounting possibly up to RM165 million in over-payments.
Summing up a formidable issue, Chua pronounced all fully cooked down to Pakatan's purported miss of "Competency, Accountability, as good as Transparency". While revelation which he cannot pinpoint a rapist corruption during a moment, he says which he could see "a lot of problems".
"There is unequivocally a crack of trust, since we have been failing a certitude entrusted to we by a Selangor voters. But either it is rapist in nature, we have to leave it to a authorities," he said, adding which he has nonetheless to strech his "grand finale".
Below is a excerpt of FMT's speak with Chua Tee Yong upon a Talam issue:
You've relentlessly pursued a Talam emanate for weeks now. In a nutshell, what is this emanate all about?
Chua Tee Yong:Basically, a Talam emanate is about Competency, Accountability, as good as Transparency [CAT]. This is what Pakatan Rakyat has regularly been cheering about. Something they have been proud of.
You find which a total restructuring as good as allotment practice lacks all these 3 qualities. The Pakatan Rakyat Selangor menteri besar had betrothed a White Paper in a State Legislative Assembly two years ago. Two years later they have been all quiet until we lifted this issue. Then what did they say? They in jeopardy to sue me, regulating conditions identical to calling me a tiny boy as good as things identical to that.
A ef ficient supervision should be means to answer these questions effectively, generally when it involves estimable total of open funds. First, we know which there is RM676 million worth of resources supposed by Talam. And secondly, there is additionally an additional RM392 million grant authorized in a state assembly. So a subject of RM1 billion stays unanswered. Why?
And for a RM676 million worth of assets, we have actually lifted a lot of questions. Until today, we have no White Paper. The MB betrothed to insist in a state assembly, though did he explain? No. The usually proclamation we get is which there will be review or accounting companies to demeanour into this transaction. Even then they were unequivocally inconsistent; a little media reported 5 auditors will audit, then subsequently he [MB] pronounced usually a single was appointed. To me, it is clear, as a former auditor, we know which auditors can usually review what is presented. So to me, this review will be a domestic whitewash audit. There is no burden as good as clarity during all.
Despite being ridiculed as good as in jeopardy with a lawsuit, we go upon to reason press conferences. Are we not endangered or afraid? How assured have been we of your facts? Do your critics have current points?
we am unequivocally disappointed with DAP members, they claim to be a smartest in a world. But in a total exercise, a MB is quiet as good as DAP leaders have tried unequivocally wrongly as good as failed miserably to answer what we have raised. They gave most opposing answers.
A unequivocally elementary e.g. is a forgive which 'all debts have been hidden, no attempt by any state association of a supervision recuperating any of these debts'.
[DAP's Tony Pua had previously pronounced which Talam's RM392 million debt to 3 state subsidiaries had originally been incurred during Barisan Nasional's power in a state as good as was considered a 'hidden debt' as it ! was neve r recorded in a 3 firms' books. It was until Pakatan took over which a debts were uncovered.]
At which point, suddenly a single of a state excos disclosed which a state has to reside by an agreement since it was signed during BN's time. But was this [agreement] ever disclosed in any event? Never. Is this transparency?
What is worse is, this leader claims they have to reside by this agreement as good as when we plea them to move this agreement out, they did not. Subsequently, they gave prejudiced inform to trick a public. Why do we contend that? Because a agreement had already expired in 2008, then they altered their statement, observant 'we Pakatan' did not concede it to expire in good faith. So, what's happening, since all these inconsistencies?
In a state Hansards, from 2010 to 2011, there were no indications of any problems. There is no discuss of any prior agreements. All seems unequivocally rosy, no issue, no problems [until we lifted it]. So is this what we call a competent, under obligation as good as pure government?
The categorical pass thing is we speak about CAT. You should be means to insist all of these. Be transparent. What have been a problems, issues, limitations we face when we have been doing this sort of debt settlement. You do not go around observant all is a best, we have been a best, all is good. But when we begin raising [questions], we censure a prior government.
So this entire emanate focuses usually upon a debt settlement?
Yes. There is a lot of questions as good as guess there. Even a assets: upon what basement did they accept these assets? A unequivocally elementary e.g. since have been they right away branch around, observant it was not disposal, it is not acquiring. It is identical to blaming a BN for shopping a screwdriver which is overpriced; right away we have been usually doing a same thing.
What have been a little of a questions which sojourn unansw! ered as good as your demands which we contend a Selangor supervision have ignored?
What we have pronounced repeatedly is which they claim which they have recovered all a debts. But so far, zero could infer which since during a brand new state open sitting, a MB himself stated which usually RM302 million has been recovered.
Okay, we contend this debt allotment is unequivocally successful, we have perceived all these assets, we have recovered all these debts. Fine. We'll pretence which we have recovered your debts. But my subject is, when we take these assets, upon what basement of cost did we make use of to establish to take these assets? Classic examples have been your lands during Bestari Jaya, your Danau Putra, your Menara Pandan, your Ulu Yam lands, your 60% shares, your Ukay Perdana, all these with issues.
Are these simply bad commercial operation decisions?
You see, if we make use of a e.g. of when someone buys something which is overpriced if it is a single asset, it is a bad commercial operation decision. If it is two, it is a steady offence. Three, is it then incompetency? It is bad governance as good as thus giving climb to a guess of since have been we doing this? You have been a presumably efficient government.
When we accept or buy something, what do we do? You need to make sure it is worth for money, right? That is a customary thing we need to do. You [Pakatan] have been presumably bringing a 'change', though it seems identical to a Selangor supervision is simply incompetent.
The questions still unanswered have been series one, what is your state assessment as good as gratefulness for any of a resources accepted? Is there any during all? we do not know, they have not answered which pass question. Two, since have been we accepting all these resources when most of them have a lot of complications? At Danau Putra, there were so most caveats then we have a lands with mining pond, with acres of ! land und er water. The Menara Pandan offices have such low occupancy, a place is fundamentally forlorn in a way. At Ukay Perdana, all a surrounding shophouses have been additionally empty. At Ulu Yam, a lands have been Class 3 as good as Class 4 hillslopes.
When they explain, [it is] unequivocally inconsistent. At a single indicate a MB said, 'we did not buy any land underwater', though PNSB [Permodalan Negeri Selangor Bhd] in a brand new forum, reported which 'the land we buy 22% is underwater'. Eh, so who is correct?
So fundamentally Selangor supervision is wrong as good as we have been scold with your facts?
Why they have been melancholy to sue me, though in a end, zero happens. They have been a ones observant it, right? we am an auditor. we take a papers we have; as good as formed upon a papers they have as good as statements they have made, we make comparisons. That's review work.
Based upon your comparison, what is your conclusion?
Based upon my comparisons, this understanding is not as good as they contend it is. There is a lot of unanswered questions, as good as maybe with those answers, we may lead to something else, which is probably since they do not wish to answer as well
What is which 'something else' we speak about?
In this total practice there have been a little people who ask me, 'are we afraid of what we have been doing?' You see, there is zero wrong with what I've asked, why? Because we formed it upon documents. What is some-more aroused for me, is a actuality which they could not answer. And what they've finished was, go upon to turn as good as distortion as good as we have to say, they have been unequivocally good in this domestic spinning, they have been unequivocally good during packaging. My fright is which a rakyat will believe them.
But we have been assured in your contribution as good as figures?
! If we wa s not confident, we would have stopped already. But today, we have some-more to say. we must say, we have not reached my grand finale yet. Haven't yet.
So we still have some-more things to contend or display after this?
It depends upon a inform which we receive.
Where have been we removing all this inform from? Was there a whistleblower, or something identical to that? How did it start?
Of course this is private as good as confidential. Let's contend which there have been a lot of people, basically. But we will not disclose. we have perceived a lot of documents, people talked to me. we do not wish to wizz down to anything.
So what's this end-game? How prolonged do we expect this array to continue? Are we seeking during rapist offences? Criminal crack of certitude or something?
[Laughs]I unequivocally do not know how prolonged more. But as prolonged as need be, as prolonged as we embrace inform which raises doubt, we will continue. The categorical thing is that, Pakatan Rakyat is not as good as they make out to be. There is a lot of suspicion, miss of accountability. We usually wish to display these, to uncover which these have been usually domestic slogans for vote gaining. They have never lived to honour these pledges or slogans. Whether we will board a police report, which will be during a end, since we am still receveing information. Pakatan is not scandal-free, not as good as they guarantee to be. Bear in thoughts they have been usually in power for four years, what some-more if it is 50 years.
Talking about rapist offences. There is unequivocally a crack of trust, since we have been failing a certitude entrusted to we by a Selangor voters. But either it is rapist in nature, we have to leave it to a authorities. though there is unequivocally an apparent over-valuation of various assets.
As an auditor wouldn't we know if there is a c! rime com mitted so far?
As auditors we would know which there is a little carry out problem; don't' know either it is loosening or oversight. We do not know either it is conscious oversight. All these have been something which we don't' wish to decider yet. Because if we am to decider now, they will contend 'oh it is political.' Not since we am perplexing to find out what is happening, usually to turn it.
There have been reports observant which MCA Selangor is dissapoint which we have been taking all a limelight
Basically we in MCA recognise which everybody has their strengths as good as weaknesses. [For example], we can be infrequently as well technical, which can come from occupational hazard.
The auditors which have been being called in, would we call them independent?
we unequivocally do not know what they have been being called in to do. They have not announced. They usually have a scope, though it is limited to what they have entrance to. As an auditor, if your customer says, this is your range of work, then which is it. The auditors may not be wakeful of a little alternative things which is inside. It is a misperception which it is a auditors' job to find out from A to Z. Auditors will regularly contend we give a 'true as good as satisfactory view', not an 'accurate view'. We do not contend which all is clear, it is 100% in sequence as good as we vouch for it. It doesn't work which way. It is simply formed upon a papers we receive.
My subject is unequivocally simple. Why after two years, usually right away we have auditors entrance in? Why usually when questions have been being asked, we find a necessity to find an auditor? It looks unequivocally fishy.
Is this in any approach identical to alternative scandals identical to PKFZ [Port Klang Free Zone] as good as NFC [National Feedlot Centre]?
we would have to contend this is a unequivocal! ly formi dable deal. Whether it is intentionally formidable [is an additional matter]. From a questions we have raised, we should be means to answer simple questions. What is happening? That worries me more. Before any exposure was done, we hear about how good Talam understanding was. We hear a most appropriate tools of it, since an image which there is no problem, as good as under them all will be okay. But even when we ask basic, individual transactions, they can't answer.
There is unequivocally a lot of problems. But it can be unequivocally easy when we release all a state valuations. This is a categorical subject which will lead to a lot of answers. If they unequivocally have their a single as good as a half months already, though did they ever disclose to we their valuation?
Actually who knows this deal? In Pakatan Selangor government, who knows a in-and-out as good as A to Z of a total debt restructuring exercise? Who is in charge of this deal? Who is a a single who pieced this together? We do not know. The approach [Selangor exco] Teresa Kok is answering, we disbelief she is inside there. Is there DAP or PKR? we unequivocally do not know if this is a efficient government, someone should have been standing up to answer me a single by one.
What do we contend to those who contend this was all started by a BN government, Talam was a 'mess' before Pakatan Rakyat [took over]?
Since Mar 8, 2008, who became a brand new government? Pakatan Rakyat. Who is a a single who is doing this debt allotment to accept these assets? Pakatan Rakyat. Were there any debts staid by a prior state government? There were. We do not wish to review a mode, a single contend tellurian settlement, whatever, which we am not concerned. You (Pakatan Rakyat) supposed a lands, a assets. What is tellurian settlement? It's a term which they coined, sounds unequivocally 'worldwide'. So to me, all a while, it's been some-more spinning than answering. There have been a lot of ! figures, why? Because any prejudiced there have been a lot of questions rsther than than answers.
Their customary operating procession is such. One, censure prior state government. Two: Divert attention. Three: Resort to personal attacks. Four: Give prejudiced inform as good as trick a public. They have been unequivocally consistent doing these.
From a total total of it, during your convenience there is something raised, they would come up with a little brand new inform which we have never listened of. Did we realize that? The Bestari Jaya emanate they usually admitted to it, though still they did not state what was valuations. Danau Putra they usually divert courtesy contend 'oh, we can get an additional square of land'. But a subject was, since we supposed during which price, even if we can find replacement, can't find for all? And there were so most caveats too. The Menara Pandan case, they say, 'oh , prior government, zero to do with us'. You see in a Hansard, MB says there have been a little properties which have been simply sold, which includes a Ulu Yam land. So, it's unequivocally inconsistent?
There have been articles which have highlighted a supposed 'rise of Talam', where a lot of land has been alienated to a association fundamentally for giveaway by a prior state government
we can't comment, since we was [and am] not in a state government. Whatever is done, is done. If it was wrong, a supervision was voted out. Correct? There was a change. Are we perplexing to tell me. Two wrongs make a right?
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