Friday, October 12, 2012

‘Don’t turn Talam white paper into a whitewash’

KUALA LUMPUR: THE white paper on the Talam Corporation issue, to be tabled on Nov 19, must give a full explanation of the Selangor state government's debt-recovery exercise or risk being seen as "a political whitewash".

MCA Young Professionals Bureau chief Chua Tee Yong said he hoped the white paper would not turn out to be a "grey paper", comparing it with an earlier audit report conducted by KPMG which had cleared the opposition-led Selangor government of any wrong-doing.

"I hope this will not be a repeat of the disappointing KPMG report, which raised more questions than answers.

"That report was a political whitewash which failed to address any of the problems involved.

"I'm certain this new white paper will probably be the same," he told reporters at the Parliament lobby yesterday.

Chua said lingering questions on the issue included why land assets in Bukit Beruntung had been acquired at a higher price than the market value, why some  assets were of low commercial value and how the state government had managed to raise the RM266 million paid to Talam's finances.

He also questioned why the white paper was two years overdue.

"If this is a clear-cut debt restructuring exercise, then why has it taken so long to prepare the white paper? Is this a cover-up?"

The Talam white paper is scheduled to be tabled in the Selangor state assembly on Nov 19, along with a second white paper on the water services industry.

Source: New Straits Times


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