KHSB has denied the creditability of Selangor government in Talam White Paper!

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The son gives a slap in the face when his father is lying?

PR ‘s claim of successful recovery of Talam debts and the white paper on the debt settlement exercise received a slap in the face by its own Glc, namely KHSB

MCA young professionals bureau chief Chua Tee Yong has demanded a rewrite of the Selangor government’s White Paper on the Talam Corporation debt, claiming that RM121 million has “gone missing” from the original debt.

Chua said in the KHSB announcement, appointed auditors Messrs AKN Arif had discovered a RM15 million write-off, a RM58 million penalty interest for late payment as provided in the 2008 settlement but was not taken into consideration, and RM48 million which was excluded from the debt.

He compared the information in the document to an announcement to Bursa Malaysia on Nov 28 by Kumpulan Hartanah Selangor Bhd (KHSB), which he revealed at a press conference today.

Chua said apart from the “magical reduction” of RM121mil, Talam also enjoyed a RM36mil discount in the Unisel settlement agreement, bringing the total waived to RM157mil.

Both the White Paper and KPMG report fail to highlight and address this.

“This shows it was a bailout to assist Talam,” he said.

The auditors mention that all this warrant further investigation as to whether proper procedures were followed when confirming the amount due to talam.

Malaysiapeople want to remind the Selangor government that there is an urgent need to answer the allegations exposed by MCA Chua:

First, did the Selangor Government help to reduce talam debt ‘magically’ which is not mentioned in the white paper as follows?

RM

Discount given as per Unisel settlement agreement                             36million

Reduction of debt per per KHSB auditors                                           121million

Total                                                                                                    157million

Second, has the Selangor Government or anyone benefited from the giving of waiver of RM157m?

Third, how did Selangor Government ensure the waiver is not detrimental to the financial condition of the Glcs namely UNISEL and KHSB?

Forth, why did KPMG fail to report this but a smaller audit firm like AKN Arif manage to pick up this important information?

Fifth, why is the information hidden from the White paper when all the three GlC including KHSB should be involved in the preparation of the white paper which took two years to complete?

Malaysia People reprimand Selangor government for its failure of answering all the questionns related to Talam bail out and its attempts to divert the attention of Selangor people with other allegations.

Selangor government must answer the questions immediately or its creditability is totally denied by KHSB, which is a subsidiary of Selangor GLC!

http://thestar.com.my/news/story.asp?file=/2012/12/3/nation/20121203164224&sec=nation

MCA Young Professionals Bureau chief Datuk Chua Tee Yong said the report revealed that the amount owed to KHSB by Talam Group had been reduced from RM236mil to RM115mil.

“But this debt reduction amounting to RM121mil was not mentioned in both the White Paper and the KPMG audit report,” Chua said at a press conference on Monday.

Chua pointed out that KHSB’s auditor AKN Arif had called for further investigation to ascertain if proper procedure was followed, including compliance with the main Market Listing Requirements.

“If an auditor calls for further investigation two years after the transaction, it goes to show that something is not right,” he said.

He said this in response to the KHSB announcement on Bursa on 28 Nov.

In view of the recent development, Chua called on the Selangor Government to rewrite the White Paper.

“If not, they are only hiding the truth from the rakyat.”

“If the Pakatan Rakyat-led Selangor government truly exercises its CAT (competency, accountability and transparency) policy, they should have the political and moral courage to do what is right by taking into consideration the announcement in Bursa and all the queries posed by MCA,” he said.

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78 thoughts on “KHSB has denied the creditability of Selangor government in Talam White Paper!

      • Chua Jr, and all your porno supporters like EX dap, what do say about the land grab among your stinking cronies for self enrichment intentions..? Don’t lose your tongue just yet, okay ??

      • MB ni ketua pembohong! banyak hutang unisel dah dilupuskan..mengapa cuma audit KHSB, bukan kesemua GLCs yang terlibat? ini dah jelas ada hanky-panky.

        Bacalah kata-kata pembohong in ketika ditanya sama ada hutang Talam belum dikutip sepenuhnya. Adakah ketua pembohong mengaku hutang talam belum seleasai?? jadi apa pulak white paper dibentangkan??Apa pulak ambil alih hutang separuh dari GLCs and biarkan jumlah lain diuruskan GLCs??

        “pada pandangan Negeri, kalau ada pinjaman yang belum dibayar oleh Talam dan ada hubungan dengan KHSB, ini memberi peluang untuk hartanah membuat tuntutan,” katanya.

      • Dog,
        you should first decide you want to talk about fighting corruption or people private life?

      • KHSB really gets the State Government into a trouble this time, hahahaha. KHSB’s audit findings show the debt of RM100 million is missing “magically”. Perhaps, the State Government should get the same auditor to do a “real” audit for its Talam scandal.

      • PR is unable to hide their poor administration in the states. PAS is the worst with Khalwat summons and hair cut summons. Followed by Selangor PR which destroyed the hindu altar.

      • The previous KPMG report was merely a review of documents and not an audit. So far, no audit is performed.

    • All the dogs above, stop barking! Talam white paper is clear and answer stupid CD son’s questions. You dogs should ask CD son to answer bird nest and cow corruption.

  1. To me, MB stands for Monkey Besar who thinks he himself is funny and amusing to fool the people with all the misleading information and “stories”.

  2. Chua Jr, In the eyes of the non Malay rakyat, you are a joke. Bn’s scandals, so plentiful, but you can’t see. Come GE 13, you will be jobless. So quick get a real job now.

    • I compare the BN and PR since last GE and you know what, my conclusion is the BN under Najib is much cleaner and efficient than PR. In PR’s state, we have all these corruption news and not only that, the flood and water crisis are threathening the state.

    • dog, if you admit both are corrupted or made nonsense mistake then think what the right thing to do instead of voting for PAS-DAP

      • Dont sleep at homr. Come out to vote. Its those who dont care that will bring country down.

        Just like if you see a robber robbing someone but instead you ignore the victim pleas. You must do your part..call police for help and assist the victim.

    • Dog, the non malay is smarter is that what you try to say? why? because DAP is lying a lot on this Talam, who knows who make gain from this, DAP or PKR?

      • dont underestimate the non-malay, silence does not mean agreeing that Talam deal is ok

    • Rm121m bagi hutang khsb saja.. Unisel?? aku ni mesti lawan sampai untuk kutip hutang Unisel. siapa ini AKN, aku cabar MB lantik dia audit Hutang Talam kepada Unisel juga!

      • Awak lecturer kah??
        MCA kenapa tak mau heboh2 berapa byk tanah yg umno dan MCA samseng dapat dari kerajaan negeri dan berapa murah dapat tanah2 tu?
        Kenapa tak dedahkan berapa banyak tanah kerajaan negeri selangor di jual murah harga Rm1 pada samseng di Selangor ?
        Dedahkan berapa kerajaan negeri dapat hasil ? pasti kutipan hutang Talam lebih berhasil!!!!!!!

      • i beg to differ dog. Talam collection is worse off for Selangor govt. just look at the cash inflow vs cash outflow. use your brain dont just bark

  3. Dear DOG,
    Today is not a good day for you dogs.
    Why? Because you dogs tried to twist, turn, lie, and divert the issue but can’t because it is now obvious your MB DID LIED AND BAILED OUT TALAM.

    Your vicious barking only PROVE that MB did tried to hide the bailout under dubious audits.
    But he did not and can not cover all bases.

    NOW ALL YOU DOGS CAN DO IS TRIED TO DIVERT THE ISSUE.

    SORRY, LOR! THE CAT IS OUT OF THE BAG!
    MB DID BAILOUT TALAM!

      • No one pay me!
        I am writing to inform readers the truth and to show the lies and deceits you dogs put into the net everyday.

        I AM A CONCERNED CITIZEN OF THIS PEACE LOVING COUNTRY WHO DONT LIKE WHAT I SEE.

      • that is your money mentality that will destroy the nation, mr. mao! that why everything to you is corruption, eg Lynas, AES, MRT…you dont see the benefit to the country and people

      • pay us to write? haha….how much are you getting paid then? but on second thought your standard is too low to demand fees for writing

  4. 白痴菜只拿达南来做假报告。。。对本身的公寓牛,部长养虾,贱卖土地做不法勾挡,却做耳边风。。。

    • 若民联没有救朋党,为何一直制造其他课题转移视线。

      若民联没有救朋党,那些钱去了哪里,为何KHSB审计师会说那些债务不翼而飞。

      若民联没有救朋党,为何朋党可以脱离PN 17!!

      • 白皮书交待的清清楚楚,况且,Talam债务,大半都是巫统时期吃的人家垮掉的。。。马华选择性的扮无知。。。白痴菜到现在,还不敢解释公寓牛事件,更不敢动他直属上司养虾场的账。。。燕窝。。。也哑口无言。。。国阵政府勾销Perwaja的16亿债务以换取方老板的支持,白痴菜简直连提都不敢提。。。。

      • 白皮书交代不清不楚,现在KHSB的审计报告证明债务“神奇”地消失,白皮书完全掩盖真相。

    • I believe you have the right to vote whomever you like. That is why malaysia is democratic.

      The real issue is you are voting for a lying deceitful party who has sold us all non muslim malaysian to the devil for their greed of power. DAP HAS JOIN WITH PAS!

      PAS WANTS MALAYSIA TO BE EXTREME WARPED ISLAMIC COUNTRY SIMILAR TO SOME FAILED COUNTRIES.

      FOR THOSE PEACE LOVING READERS, PLEASE DONT BE FOOLED BY THESE PR TROOPERS….THEY ONLY CARE ABOUT POWER.

    • PR WILL IMPOSE PAS WARPED HUDUD ONTO ALL MALAYSIAN, MUSLIM AND NON MUSLIM ALIKE.

      PR WILL IMPOSE PAS WARPED HUDUD ONTO ALL MALAYSIAN, MUSLIM AND NON MUSLIM ALIKE.

      IF PR WIN, WE NON MUSLIM WILL BE SUBJECTED TO PAS WARPED HUDUD.

      IF PR WIN, WE NON MUSLIM WILL BE LIVING IN NEW AFGHANISTAN.

      IF PR WIN, WE NON MUSLIM WAY OF MALAYSIAN LIFE WILL BE GONE REPLACED BY NEW PAS WARPED EXTREME HUDUD.

  5. KHSB auditor的审计,与之前雪州政府聘请的KPMG advisory的报告很大不同,雪州政府必须立刻进行审计,不要再拖,拖得越久,让人越觉得有见不得人的隐瞒

    • KPMG report is not reliable. they can and never answer why they were not given JPPH valuation is which 200% lower than the purchase price for Bukit Beruntung to review and yet they can form conclusion. why?

    • NO! Both are not the same!
      PR HAVE PAS IN THEIR ALLIANCE.
      PR HAVE AN EXTREME WARPED RELIGIOUS FANATICS IN THEIR ALLIANCE.

      PR HAVE PKR IN THEIR ALLIANCE.
      PR HAVE A DECEITFUL MANIPULATIVE REAR BANGGERIN THEIR ALLIANCE.

      PR HAVE DAP IN THEIR ALLIANCE.
      PR HAVE A LYING TOKONG WHO HAS SOLD THEIR SOULS FOR GREED AND POWER. AND LIED TO NON MUSLIM TO VOTE FOR PAS.

      THAT ARE THE MAJOR DIFFERENCE BETWEEN THE
      PR AND BN.

      • haha, KPMG is not lousy. That one is advisory department, they must give some “advice” after received the fees. 🙂

      • KPMG is ONLY doing what the MB asked them to do. That is to review the documents provided by the state government on the TALAM deal.

        KPMG NEVER did any audit on the deal!

        EVEN THEN, KPMG ADMITTED THAT THE STATE GOVERNMENT OVER PAID FOR SOME PARCELS OF LAND…….OVER PAID!

        WILL ANY ONE OVER PAY FOR ANY PURCHASE….ANY ONE?
        NO!……. ONLY SELANGOR STATE GOVERNMENT!

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