Another Blow to Khalid and Selangor Government!

Another shocking exposure!  Another deadly blow to the questionable Selangor-Talam’s RM676 million bail out!

Latest revealation showed two plots of land on the Ulu Yam hill slope were the properties acquired from Talam to offset against the RM392 million debt owing to Selangor government.  And this time, the valuation offered by Selangor government to Talam is RM18 million which is RM5.3 million more than the valuation done by its subsidiary.

“From this deal, we can see that the Pakatan state government has misled the public again, for accepting a C3 and C4 hillslope land with limited developmental potential,” Chua Tee Yong said.

Chua also challenged the current state government to reveal agreements signed between 2005 and 2007 by the previous Barisan Nasional administration, which Selangor Exco Teresa claimed Selangor Pakatan government merely (and blindly?) adhering to.

“It is the standard operating procedure of Pakatan to blame the previous state government whenever they cannot explain an issue,” he charged.

Malaysia People are stunned and full of question marks in the heart.  Misuse of funds?  Abuse of powers?  Cronyism?  Negligence on administration?  What else?

Why did the Selangor government offer the price which is above the market price and the valuation done by its own subsidiary?

Malaysia People have not seen the truthful answers from the Selangor government yet.  So far, there are 3 version of answer from Khalid, Teresa and Tony who presumably represent the Selangor government in this questionable deal.

Let’s extract Malaysia People’s understanding from the answers given by them.

Question 1 – Why was the rationale for Selangor government to embark on this RM676 million questionable deal? 

Khalid :  No comment because Selangor government decided to sue MCA.

Tony :   It was an effort of Selangor Pakatan government to recover the debt since former Selangor BN government did not do anything to recover the debt.

Teresa :  We just abide by the contract signed by the former Selangor BN government with the efforts to recover the debt.

Question 2 – Why did the Selangor government offer RM181 million for Bestari Land?  The offer price is RM42 million higher than Talam’s valuation!

Tony :  The lands were overvalued but the Selangor government got an overall RM9.1 million discount for all 13 assets acquired from Talam.

Teresa :  We are merely following the contract signed by the former government.

Khalid :  We stood to have huge gains if the lands are developed.  We have power to approve development. (Khalid seemed not taking legal action against MCA anymore and started to justify the questionable valuation)

Question 3 – Why did Selangor offer RM87.7 million for Danau Putra lands which are partially and fully submerged in water?  Based on the auction price, the lands only worth RM30 million?

Tony – (Debate, debate and debate?)

Teresa – (former government’s fault?)

Khalid – The state has got enough knowledge on what to develop and enough power to approve the development.

Question 4 – Why the Selangor government failed to deliver the White Paper as promised 2 years ago? 

Tony – (Debate, debate, debate?)

Teresa – (silent?)

Khalid – It was nearly complete but by chance we didn’t produce the White Paper because they will start to question the story.

Question 5 – Did the Selangor government appoint its own valuer to appraise the lands?

Tony : Refer to Talam’s announcement.  (Malaysia People referred to Talam’s announcement pertaining to the questionable valuation and found out that Talam had misled the People into believing the valuation had been approved by SC and Bursa.  It had been denied by SC and Bursa.)

Teresa : We merely abide by the contract signed by the former government.

Khalid : (no answer yet.)

Question 6 – Why PNSB borrowed RM230 million from the banks and incurred RM86 million interests to rescue Talam?

Tony : PNSB has shown profitability to borrow.  Its total assets increased from RM111 million in year 2008 to RM823 million in year 2011.  (Tony had committed sins of making comments without analysing.  Firstly, the ability to borrow from bank is primarily dependent on the cash flow and not profitability.  Secondly, the total assets in year 2008 was not RM111 million which Tony later admitted that he read the figures wrongly.)

Teresa : (PNSB is subsidary of the Selangor government and it must follow the instruction from the Selangor government?)

Khalid : (no answer yet.)

Malaysia People are extremely disappointed with the answers given by the Selangor government who seemingly assume Malaysia People have no financial knowledge and no common sense to analyse the questionable deal.  Now, Chua revealed another questionable valuation pertaining to the Ulu Yam hill slope land.  Malaysia People strongly demand the Selangor government to be truthful and honest to provide the answers in order to salvage its battered creditability.

Please honestly tell us if Selangor government use the People’s money to bail out Talam?

Related news:

Interview of Khalid – He resigned as teacher because students cannot understand what he said.  Should he resign as MB because people cannot understand him too!

Waterlands?? NO!! It’s Wonderlands of Khalid!

Selangor government set to be condemned by KHSB minority shareholders!

Selangor exco Teresa admitted overvaluation but blamed BN for the mistake??

The Fall of Khalid and Selangor Government in Next General Election??

Tony Pua, the incredible role in the Dark Knight rises!

Tony was caught “cheating” by Tee Yong? Selangor PR at its lowest credibility?

Perfect Bail Out Plan?? (2)

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9 thoughts on “Another Blow to Khalid and Selangor Government!

  1. I ONLY HOPE FAIR MINDED MALAYSIAN OPEN THEIR EYES AND ‘SEE’ THRU THE VEIL OF DECEPTION PROPOGATED BY PR. MY MAIN ‘BEEF’ WITH DAP IS THAT THEY ARE PLAYING ALONG WITH THE ‘LOOK ALIKE’ FOR THEIR GREED FOR POWER AND SELF INTEREST.

    I BELEIVE DAP SOLD THEIR SOUL FOR PUTRAJAYA AND JOIN WITH PAS FOR THEIR SELFISH GAINS. NONE IS AS BAD AS THOSE WHO ARE WILLING TO PLAY OUT OTHERS FOR THEIR OWN SELF. THATS IS WHAT DAP IS DOING TO ALL MALAYSIAN.

    AND THATS IS WHY I AM A “ExDAP”.

    • They cheat people with open eyes. They thought they can continue to cheat using their cyber troops. On one hand, they cheat people mainstream media is unrealiable. On the other hand, they used their cyber troops to spread the lies on the net. They deceive all people by brain washing people that only the news on the internet is reliable.

      • YES INDEED!
        As any current readers will observe…the FAST AND FURIOUS comments from the PROs PR has completely faded away ever since one called CONCERN CITIZEN posted his comments ASKING all PROs to STOP commenting on this web page.
        AND LIKE IF A MAGICAL WARD SWING….ALL PROs COMMENTS STOPED!

        HENCE ALL THOSE VULGAR AND PROFANITY LACED COMMENTS ARE ACTUALLY FROM A SMALL GROUP OF PR CYBER TROOPERS.

        I PERSONALLY FIND IT DISGUSTING BECAUSE THEY WERE MAKING RACIST REMARKS AND PERPETUATING ANGER AND HATE AMONG MALAYSIAN.

        I HOPE ALL MALAYSIAN DON’T FALL INTO THEIR TRAP AND GIVE CREDENCE TO THEIR HIDEOUS AND COWARDLY ACTS.
        WE MALAYSIAN MUST STAND UNITED, RESPECT OTHER RACES, AND LIVE IN HARMONY.

  2. All these DAP cyber troops are good in publicity and creating the illusion that many people are attacking BN. They kept selling the idea that BN is corrupted and PR is very CLEAN.

      • They are not afraid of telling lies because as long as they can deceive people and continously tarnsh the image of BN as corrupted and potray themselves as clean.

  3. These PR troopers are constantly twisting lies to project themselves as BETTER AND CLEANER, when in fact they are actually WORSE and DIRTIER.

    THEIR CONSTANT BLACKING OUT OF ALL NEWS THAT QUESTIONS THEIR WRONGS AND THREATS TO SUE SHOWS THEIR LACK OF TRANSPARENCY.
    Can one image if BN employ their tactics…..they will be the first to SHOUT that BN have something to hide. Now PR and DAP are doing this but their loyal DON’T see that something is TERRIBLY WRONG.

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