Tee Yong: Selangor fooling rakyat with flawed Talam audit

The People waited for 2 years.

Finally, the White Paper on Talam was released by Menteri Besar Khalid yesterday, with the objectives to clear the name of Selangor State Government from the allegations of bailing out Talam and cheating the public with improper valuations.

The People want to see whether the White Paper would address all the questionable overvaluations exposed by MCA Chua Tee Yong or it is merely another paper like the KPMG report which is trying to divert the public’s attention from the overvaluation and bail out.

Malaysia People hope the Selangor State Government will not disappoint the people again this time.

PUTRAJAYA: The Selangor state government came under fire for deceiving the public with a KPMG audit report to absolve itself of the Talam Corporation debt recovery exercise controversy.

MCA Young Professional Bureau chief Datuk Chua Tee Yong said the report prepared by a private entity was a waste of taxpayer money, as the scope of work did not include valuation aspects and legal implications.

“The main issue is valuation,” he said, explaining that the KPMG report showed that the State Government did not provide JPPH (Property and Valuation Services Department) valuation reports to enable KPMG to make a comparison with the valuation made by private surveyors.

“This shows that the Pakatan Rakyat government is not being transparent,” he told a press conference at Wisma Tani here Wednesday.

On the White Paper tabled at the Selangor state assembly, Chua said he would comment later.

“The matter is still being debated at the assembly,” he said, adding he would provide feedback after the report was finalised.

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23 thoughts on “Tee Yong: Selangor fooling rakyat with flawed Talam audit

  1. THE SON OF A PHONO ACTOR IS OPENING HIS STINKING MOUTH AGAIN! IF HE IS SO CONFIDENT THAT THERE ARE DISCREPANCIES AND CORRUPTION IN THE TALAM DEBT RESTRUCTURE, WHY DOESN’T HE MAKE A REPORT TO THE SPRM?

    WHY IS THIS PERSON BEING SO ‘PIG-HEADED’ AND REFUSE TO ACCEPT THE FACT THAT THE PR STATE GOVERNMENT MANAGED TO RECOVER ALL THE DEBTS OWED BY TALAM IN A SHORT PERIOD OF TIME WHILST THE UMNO/BN GOVT FAILED TO DO SO WHEN THEY WERE IN POWER FOR SO MANY YEARS?

    WHAT IS THIS MAN TRYING TO PROVE AND WHY IS HE ACTING/ BARKING LIKE A MAD DOG!

      • banyak cakap tak ada kerja… Perunding swasta macam Sulaiman & Co itu Perunding Bertauliah… itu tauliah SSM juga approve… tinggi atau rendah value, PKR ada punggut itu hutang… BN ada punggut ka? Tiu…

      • MR SHIT,

        JUST FOR YOUR INFO,
        GOVERNMENT BODIES ARE SUPPOSE TO USE JPPH TO DO ALL VALUATION TO PREVENT OVER PRICING AND MANIPULATION OF VALUATION.

        SO TO USE OUTSIDE VALUATORS MAY SUBJECT TO INFLUENCE ON PRICING.

        AND THIS IS EXACTLY WHAT MB DID!

      • i agree with EXDAP point of view. My company would love to get the free service of JPPH also if we can. Unfortunately they only provide valuation opinion to govt agency or body or the govt itself

    • DOG,
      YOU KEEP HARPING ON THE SAME THING DAY IN DAY OUT.
      WE KEEP TELLING AND SHOWING YOU THE PROBLEM WITH TALAM BUT YET YOU AREN’T ABLE TO SEE OR DON’T WANT TO KNOW.

      WHAT EVER WRONGS IN TALAM DEAL WILL NEVER BE UNDERSTOOD NOR ACKNOWLEDGED BY PR TROOPERS.

      YOU ARE LIKE A SOLDIER ORDERED BY YOUR PR LEADERS TO FIGHT A WAR. SO YOU ONLY FOLLOWS ORDERS BUT NEVER SEE NOR TRY TO UNDERSTAND WHY YOUR LEADERS ORDERED YOU TO WAR.

      HENCE, IT IS NOT TO YOU WE ARE WRITING, BUT RATHER TO THE OTHER SENSIBLE READERS WHO WILL UNDERSTAND THE ISSUE BETTER.

    • Khalid and all those DAP fellows like Teresa Kok should resign and Azmin should take over MB post to put things right. Teng should replace Teresa as DAP Selangor Chairman

      • EXDAP
        It’s a waste of time explaining things to people who cannot or would not count properly

      • Dog,

        Firstly, PR leaders don’t need cyber troopers to provoke them. They are doing it all by themselves and among themselves.

        They fight each others constantly,
        They contradict each other constantly,

        THEY ARE LIKE COUPLES PUTING UP A HAPPY SHOW FOR PEOPLE TO SEE WHEN THEIR MARRIAGE OF CONVENIENCE IS BREAKING APART AT THE SEAMS.

      • Dog,
        In addition,
        In The TALAM deal, MB tries to show the land deal was done to collect debt by exchanging debt with land.

        WE ALL KNOWS THE LAND IS ACTUALLY A POND!
        BEST STILL, THIS IS ONLY ONE PROBLEM. THERE ARE ALSO THE VALUATION PART.

      • I support all that ExDAP said against the dog fellow. And against all the others up there. I think he has got valid points. Not those that he whacked. Bavo ExDAP.

  2. Just like MCA said, show us the cash flow, how much cash collected today and how much spent. don’t talk cock, evrtyone knowd the lands have no buyer otherwise Talam would not go PN17.

    • simple question and obvious answer, why never use JPPH valuation which is a lot lower than the purchase price for the land?

  3. Talam owed the bank borrowings for long and unable to settle. After the loans were assumed by the state government, the properties pledged are still not sufficient to pay off the debt. The properties pledged to bank but there is no buyer otherwise the bank would have sold it off long time ago.

    • stupid you the banks didnt want to auction because they know there is good market value and they never need to worry. Talam were going to get other buyers at higher price if Selangor govt dont want to take

  4. You put your trust on politicians = commit suicide. The politicians are greedy and bail out crony to make profits from the shares buy and sell.

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