By Patrick Lee (Free Malaysia Today)
| October 3, 2012
KUALA LUMPUR: Two Selangor state-owned companies,
according to the MCA, only received RM10 each from the Talam debt settlement
exercise, despite being owed millions of ringgit.
Pointing to 2009 documents, MCA Young Professionals
Bureau Chua Tee Yong said that both Universiti Selangor (Unisel) and Permodalan
Negeri Selangor Bhd (PNSB) were given these amounts.
This, he alleged, was despite Unisel being owed RM248
million and PNSB RM28 million.
“Assignment of Debt Agreement” documents dated Nov 3,
2009 read: “Now therefore this agreement witnesses… the sum of RM10 now paid by
the assignee to the assignor.”
With this, Chua claimed that Unisel’s financial condition
had worsened, and that PNSB was made to service a RM230 million loan with an
RM86 million interest.
Asked if he knew of the current payment status to these
two companies, he said: “You have to ask the Selangor government.”
The Labis MP also came up with new figures to the Talam
matter, in a claim that the Selangor government over-valuated the Talam land.
He said that assets acquired through the debt settlement
came up to RM676 million. Also, he included the total interest cost borne by
PNSB (RM86 million) and a discount given to Talam by the state government (RM36
million).
Altogether, he estimated the cost of the Talam deal to be
RM798 million.
In July, Chua started on several exposé against the
Selangor government, claiming that the administration had used RM1 billion to
bail out Talam Corporation Bhd.
He claimed that Selangor had done so via a RM392 million
supplementary budget passed in the State’s Legislative Assembly in 2009.
Chua added that the state bought an additional RM676
million worth of assets from Talam.
Both Pakatan and the state vehemently denied these
claims, and have since appointed independent audit firms to check the Talam
matter in a show of transparency.
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