Businessperson Deepak Jaikishan currently certified which he has sole his disloyal association Astacanggih Sdn Bhd for RM30 million to a Defence Ministry agency, claiming which he was forced into a deal.
He pronounced a understanding was usually to cover a money he had spent in a land understanding with Awan Megah (M) Sdn Bhd which turned sour, as well as had grudgingly gone through with it notwithstanding being denied a lands promised to him.
"It is loyal which my shareholders as well as me have sole a shares in Asta Canggih for RM30 million which is a tangible price price of RM13 million for Raja Ropiaah, RM8 million in domestic contributions, RM7 million of financial costs as well as RM2 million in legal as well as miscellaneous costs.
"This was an ultimatum which was forced upon us," he pronounced in a content summary today, but did not discuss names.
He pronounced a understanding was usually to cover a money he had spent in a land understanding with Awan Megah (M) Sdn Bhd which turned sour, as well as had grudgingly gone through with it notwithstanding being denied a lands promised to him.
"It is loyal which my shareholders as well as me have sole a shares in Asta Canggih for RM30 million which is a tangible price price of RM13 million for Raja Ropiaah, RM8 million in domestic contributions, RM7 million of financial costs as well as RM2 million in legal as well as miscellaneous costs.
"This was an ultimatum which was forced upon us," he pronounced in a content summary today, but did not discuss names.
The statement currently comes after Boustead Holding Bhd, a investment vehicle of Lembaga Tabung Angkatan Tentera (LTAT), an group under a Defence Ministry, announced upon Bursa Malaysia which it will be appropriation an 80 percent interest in Astacanggih Sdn Bhd, which was owned by Deepak.
Abrupt move to repel lawsuit
Boustead Holdings Bhd, which purchased a interest through a wholly-owned auxiliary Bakti Wira Development Sdn Bhd, pronounced it will additionally take 80.94 hectares of freehold land in Klang from Awan Megah (M) Sdn Bhd for RM130 million.
This coincided with Deepak's sudden move towit! hdrawhis lawsuit opposite Selangor Umno Wanita arch Raja Ropiaah Abdullah as well as her association Awan Megah (M) Sdn Bhd, yesterday for a same square of land.
"The irony is which Raja Ropiaah who 'stole' a land from us was paid RM130 million, guess which is genuine power, isn't it?" he said.
Awan Megah (M) Sdn Bhd was tasked by a supervision to construct a National Defence Research Centre (Puspahanas) in Putrajaya for which a Defence Ministry would compensate a association RM27 million as well as 223 acres or 90.24ha of land in Klang worth RM72.5 million.
However, after they were unable to obtain a land down remuneration for a building's construction, a association had intent Deepak's Astacanggih Sdn Bhd for help.
Deepak had claimed which in this deal, his association Astacanggih Sdn Bhd would issue a RM72.5 million land down remuneration upon behalf of Awan Megah (M) Sdn Bhd.
It will additionally give Awan Megah (M) Sdn Bhd an one more RM23 million, RM13 million of which was already paid, in exchange for 200 acres or 80.94ha of a land which a latter will receive from a Defence Ministry. Awan Megah (M) Sdn Bhd will keep a remaining twenty-three acres or 9.3ha of a land.
However, a understanding became green after Deepak claimed which a latter had not upheld her end of a deal.
'! Mindef shopping up own land'
This coincided with Deepak's sudden move towit! hdrawhis lawsuit opposite Selangor Umno Wanita arch Raja Ropiaah Abdullah as well as her association Awan Megah (M) Sdn Bhd, yesterday for a same square of land.
"The irony is which Raja Ropiaah who 'stole' a land from us was paid RM130 million, guess which is genuine power, isn't it?" he said.
Awan Megah (M) Sdn Bhd was tasked by a supervision to construct a National Defence Research Centre (Puspahanas) in Putrajaya for which a Defence Ministry would compensate a association RM27 million as well as 223 acres or 90.24ha of land in Klang worth RM72.5 million.
However, after they were unable to obtain a land down remuneration for a building's construction, a association had intent Deepak's Astacanggih Sdn Bhd for help.
Deepak had claimed which in this deal, his association Astacanggih Sdn Bhd would issue a RM72.5 million land down remuneration upon behalf of Awan Megah (M) Sdn Bhd.
It will additionally give Awan Megah (M) Sdn Bhd an one more RM23 million, RM13 million of which was already paid, in exchange for 200 acres or 80.94ha of a land which a latter will receive from a Defence Ministry. Awan Megah (M) Sdn Bhd will keep a remaining twenty-three acres or 9.3ha of a land.
However, a understanding became green after Deepak claimed which a latter had not upheld her end of a deal.
'! Mindef shopping up own land'
As LTAT is a unit under a Defence Ministry (Mindef), Deepak pointed out which a ultimate understanding meant which a Defence Ministry was effectively shopping behind a own land which it gave to Raja Ropiaah during an arrogant rate.
"LTAT, ironically, bought their own land which they had given to Raja Ropiaah (for Puspahanas) for RM72.5 million during RM130 million, giving Raja Ropiaah a profit of RM57.5 million as well as RM13 million from us... as well as remaining twenty-three acres worth RM40 million (which it still has).
"The losers have been a Defence Ministry as well as armed forc! es offic ers who get deceived by Umno as well as deceived again by carrying to buy behind a troops land during stand in a price they gave it divided for.
"Looks like Defence Minister Zahid Hamidi (above) has become Santa Claus," he said.
"LTAT, ironically, bought their own land which they had given to Raja Ropiaah (for Puspahanas) for RM72.5 million during RM130 million, giving Raja Ropiaah a profit of RM57.5 million as well as RM13 million from us... as well as remaining twenty-three acres worth RM40 million (which it still has).
"The losers have been a Defence Ministry as well as armed forc! es offic ers who get deceived by Umno as well as deceived again by carrying to buy behind a troops land during stand in a price they gave it divided for.
"Looks like Defence Minister Zahid Hamidi (above) has become Santa Claus," he said.
Winners as well as losers
Raja Ropiaah/Awam Megah
Gains:
1. RM27 million from Defence Ministry in privatisation agreement.
2. RM13 million from Deepak in bank down remuneration deal.
3. RM130 million from Boustead to buy a 200-acre land.
Lost (possible):
1. National Defence Study Centre - different price as well as capricious either it has been completed.
Deepak/Astacanggih
Gains:
1. RM30 million from Boustead for 80% of Astacanggih share.
Lost:
1. RM13 million deposit remuneration to Roppiah in bank down remuneration deal.
2. Cost to secure a land down remuneration - unknown.
Government/LTAT
Gains (possible)
Gains (possible)
1. National Defence Study Center - different price as well as capricious either it has been completed.
Lost:
1. RM30 million to Deepak for 80% of Astacanggih share.
2. RM130 million to Roppiah for a 200-acre land. The land worth RM72.5 million when it was alienated to Roppiah in a privatisation agreement.
From aspect value, a supervision or LTAT could suffered as most as RM87.5 million RM30 million for Astacanggih share as well as RM57.5 million mislaid in land transaction.
From aspect value, a supervision or LTAT could suffered as most as RM87.5 million RM30 million for Astacanggih share as well as RM57.5 million mislaid in land transaction.
Malaysiakini
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