The Selangor government should say whether they are aware that the questionable valuation was never approved by SC and Bursa. (Graphic by Dayang Norazhar/The Mole)
When Chua Tee Yong revealed two weeks ago the lands in Selangor-Talam’s RM676 million saga were overvalued, people in Selangor heard the “rebuttal” and “humiliation” from both Talam and Tony Pua.
Above the “rebuttal” and “humiliation”, Malaysians were told that the questionable valuation of the deal was scrutinised and approved by the Securties Commission (“SC”) and Bursa! This misled Malaysians into believing the questionable valuation was “fair and reasonable” even though Chua Tee Yong pointed out that Bestari Land was overpriced by RM42 million and Danau Putra Land was RM28 million more than the auction price in the open market.
The lie is completely broken now when Talam admitted that both SC and Bursa have in fact never approved the valuation. Then why did they tell us in the first place that SC and Bursa had approved the valuation? Don’t they know that the incorrect remarks will mislead the people? Not forgetting too, DAP's Tony Pua had even directed the people on several occasions to refer to Talam’s announcement.
Read more HERE.
(Edited by The Mole.)