The Fifth Unreasonable Deal Brings Selangor – Talam’s Overvaluation to RM165 million! And Poor Unisel Students Have No Place to Stay!

Previously, Chua Tee Yong revealed the Selangor-Talam’s RM676 million deal consist of overvalued land that is underwater or in forest and ecology zone; overvalued land that is ex-mining pond; overvalued office units and retail lots that are vacant; and overvalued Class 3 and 4 hillslope land.

This included lands at Bestari Jaya (overvalued by RM100 million]; Danau Putra (RM57 million); Menara Pandan office lots (RM1.9 million); and hillslope Ulu Yam land (RM5.3 million).

Latest exposure from Chua showed the Selangor government have paid RM4.2 million for 60% shares in a inactive company which was majority owned by Talam.  The inactive company, namely Ulu Yam and Country Club Sdn Bhd owns a 199-acre in Ulu Yam – at RM5 million (valuation done by valuer Sulaiman & Co).  The 60% shares should not worth more than RM3 million but the Selangor government had again “generously” paid RM4.2 million for it.

Chua further added that the company had not commenced operation and has liabilities of RM807,000.  He also said that the land was Class 3 and 4 slope, which means above 25 degrees and above 35 degrees respectively.

(The only development allowed for Class 3 and 4 is national infrastructure projects. In 2009, the state government froze all development plans on Class 3 and 4 land pending new guidelines on hill slope development.)

“Did the Selangor government conduct an independent valuation carried out by the state valuer?”

“Was an independent financial and legal due diligence carried out?”

“From this deal, we can see there is lack of transparency and competency by the Selangor government for accepting overvalued shares of a company whose only assets is hillslope land and having liabilities of RM807,000. This is serious as the state is using taxpayers’ money,” he said.

Malaysia People want to find out the truth as whether the Selangor government has misused the taxpayers’ money to bail out its crony.  This will be the most condemned bail-out plan if the overvaluation is given at the expense of the People’s welfare especially in the midst of the news that 1000 Unisel students have no place to stay because the maintenance and operations costs of the hostel are not paid.

Malaysia People question the rationale of the Selangor government for the overvaluation and demand the White Paper as well as the State’s intended development plan in order to justify the overvaluation should be given to Talam and not the Unisel students.

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40 thoughts on “The Fifth Unreasonable Deal Brings Selangor – Talam’s Overvaluation to RM165 million! And Poor Unisel Students Have No Place to Stay!

  1. I feel sad about the students who have no accomodation and feel angry for the overvaluation which is still not answered by Khalid and Teresa.

      • Deceive All People, don’t be sohai. You ask Chua to expose NCF scandal and Selangor matters have nothing to do with him.

      • The PROs are back……I thought your MASTER has commanded you guys to refrain from posting on this web page. YOUR MASTER SAYS THAT TO REPLY THIS WEB PAGE IS LOWERING YOUR ESTEEM.

        AS USUAL, YOU GOT NOTHING GOOD TO SAY BUT FOUL LANGUAGES……
        SO TYPICAL!

      • By the way, mr sohai,
        The difference between NFC and Talam, is that the former is being tried in court. Whereas Talam is now being exposed. Let’s the courts do its due process on NFC.
        However, the PR is NOT WILLING TO BE TRANSPARENT IN THIS TALAM DEAL WHEN THEY SAY THEY WILL!

        Where is the white paper PROMISED AFEW YEARS AGO!

        THE MB FAILED TO EVEN SHOW THAT THEY ARE TRANSPARENT……THEY DO NOT EVEN FOLLOW OR DO WHAT THEY PREACH.

  2. Tony is quiet now because he made too many stupid mistakes. He is a clown and no financial knowledge. Out of his mouth is misleading info and pointless words to run down his opponent. He thought he is playing boxing without facts but just like a fighting cock.

  3. PR SELANGOR say they have lots of money…..they claim during their tenure, the state coffer has increase exponentially. IF THAT IS THE CASE….SHOW US THE MONEY.
    STUDENTS WOULDN’T NEED TO BE KICKED OUT FROM THEIR DORM IF THAT WERE TRUE. IF NOT THEN IT ONLY SHOWS THEY ARE LYING!

    • It’s ALWAYS DEFLECTION……
      IT’S VERY SIMPLE..JUST SHOW HOW THE DEAL WAS DONE.
      NO NEED ALL THIS SHOWS…

      ALL WE ASKING FOR IS THE ACTUAL BLACK AND WHITE AGREEMENT DONE BY PR SELANGOR.

      WHAT IS SO DIFFICULT?
      INSTEAD YOU POST ALL THIS WORTHLESS SHOWS.
      ASK YOUR PR GUYS TO BE TRANSPARENT AS ADVOCATED.

      • White Paper is on the way as the Selangor government is hiring 6 international audit firm to report out the deal. So, after the white paper been out, then are you request BN to do the same on PKFZ, NFC, Scorpene, MAS debt, Ampang LRT project, Lynas, etc…….?? Stupid dog? Want to argue the abuse of power, mis-use public fund……BN is the biggest lier as you stupid dog just don’t want to face the truth…. You are just like those old days the Japanese Run Dog, now you are the modern run dog and once PR took over, then all the dog list will be expose…

      • The main issue here is that MB said a white paper was to be tabled to explain the deal…..that’s was AFEW YEARS AGO.
        SINCE THEN THE DEAL WAS NEVER DISCLOSED AND INFACT TURNED INTO A POLITICAL BLAME GAME BY PR.
        SO…WHAT TRANSPARENCY ARE THEY TALKING ABOUT.

        AS USUAL, PR THREATENING US INTO SUBMISSION BY POSTING
        “You are just like ………then all the dog list will be expose…”
        IT SOUND SO COMMUNISM !!!!!!!

      • If people question whether their fund is misused or not, you call the people run dog of BN. The truth is you are the real run dog, you are defending PR for misusing the fund of people.

    • THE MAIN ISSUE IS THAT PR CLAIM THEY GOT A GREAT DEAL ……SO SHOW US HOW GREAT YOU GUYS ARE.
      IF YOU PR GUYS ARE SO GOOD, THE STUDENTS NEED NOT TO BE KICKED OUT OF THE DORM.

      DON’T DIVERT THE ISSUE……
      SHOW US THE DEAL…..
      SHOW US THE AGREEMENT……
      SHOW US THE MONEY……..
      SHOW US YOUR TRANSPARENCY……
      SHOW US WHAT YOU PREACH……
      SHOW US YOU ARE “CLEAN”……

      WHAT IS SOOOOOO DIFICULT ABOUT THAT IF YOU DON’T HAVE SOMETHING TO HIDE.

      LIES….LIES…..LIES….LIES….
      THAT’S ALL YOU PRs ARE GOOD AT.

    • The video showed me that Tony is really poor in financial knowledge. Selangor government took over RM200 million bank borrowing and yet he said Selangor government did not pay a single cent to Talam. He should go back to school and learn the definition of purchase considerations.

      He can mislead the people who has no financial knowledge.

    • NO NEED ALL THE SHOWS..

      JUST PUT UP THE BLACK AND WITE AGREEMENT AND VALUATION ONTO THE NET.

      THIS IS MORE CONVINCING THAN PR JUST SHOOTING THEIR MOUTH OFF.

      • Aiyoh, why all the dogs barking since early morning? Goto report to MACC la, since MACC is very effective when found PR leader mis use fund…. Dog, quiet la if you just want to bark for UMNO….

      • DAP supporters always double standard. If MACC investigate them, they will blame MACC working for BN. But when BN disclose their wrongdoings, they will ask why MACC never investigate them.

        DAP supporters, regardless MACC investigate or not, Selangor government must provide the answer and don’t ask MACC to answer on behalf of you.

    • NO NEED ALL THESE TALKS AND SHOWS….
      JUST SHOW HOW THE AGREEMENT AND VALUATION WAS DONE….IT’S JUST THAT SIMPLE!

      WHY PR UNTILL NOW TRYING TO AVOID SHOWING THE DEAL. INSTEAD GOES AROUND DEFLECTING THE ISSUE AND COMING OUT WITH ACCUSATION AFTER ACCUSATION.

      JUST SHOW THE DEAL AND VALUATION.
      FULL STOP.

      • Agreed. Just show the valuation was done. Normally when someone talk a lot yet unable to show the report, he is trying to cover up something. Is Selangor government trying to cover up?

    • All these talk shows only for people with no financial background. Questions remain unanswered for why valuation is overvalued.

    • PR HAVE ALL THE TIME TO MAKE ACCUSATION AND GO FOR SHOWMANSHIP BUT DON’T HAVE THE TIME TO DISPLAY THEIR AGREEMENT AND VALUATION OF THE TALAM DEAL.

      THIS IS ALL DEFLECTION BY PR.
      THE WORSE THING IS THEIR SUPPORTERS LISTEN TO THEIR LIES INSTEAD OF ASKING FOR PROOF.

      YOU SUPPORTERS SHOULD BE SHOUTING FOR THW WHITE PAPER SO THAT YOU GUYS DO WHAT YOU PREACHED.
      TRANSPARENCY!

      DON’T BE BLINDED BY THEIR LIES…OPEN YOUR EYES.

      JUST SHOW THE WHITE PAPER….SHOW THE DEAL.

      • LIES??? I think LIES is much more serious by BN…. Why the Chinese school not getting the fair treatment ? If you are Chinese then you should be show shame on supporting BN….

    • PR has all the time and resources to put up a show but don’t have the time to PUT UP THE WHITE PAPER ON THE DEAL.

      PR KEEP SAYING ALL SORTS OF THINGS….
      INITIALLY,
      PR CLAIM BN DIDN’T TRY TO COLLECT THE DEBT,
      THEN,
      PR SAY THEY ONLY FOLLOWS THE AGREEMENT BY BN,
      THEN,
      PR SAY THE BN AGREEMENT DIDN’T EXPIRED,
      THEN,
      PR SAY MCA WAS INVOLVED.

      NEXT,
      PR MAY CLAIM ALL MALAYSIAN WERE INVOLVED.

      THEY TWIST AND TURN SO MUCH, YET THEIR PROs CAN’T SEE THRU THE VEIL OF DECEPTION.

  4. Tony should answer whether Selangor government appoint his own valuer to appraise the valuation. Why the white paper cannot complete after 2 years. All these questions are not asked.

    • We talk all things people like to hear so that they believe in us. Who cares whether it is lie or not so long as people like to hear. Why talk something people do not like to hear.

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