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Felda land sold for RM270 million is worth RM1 billion. Let's see if they treat this similiar to LGE case.
Felda land sold for RM270 million is worth RM1 billion
FOUR parcels of Felda land in Kuala Lumpur, which ownership was transferred to a private company under suspicious circumstances, are worth an estimated RM1 billion, Berita Harian reported.
However, Synergy Promenade Sdn Bhd, the developer of Kuala Lumpur Vertical City (KLVC), is said to have paid Felda only RM270 million for the land.
Umran Suffian Husin, a senior executive at a property valuation firm, said land along Jalan Gurney, Jalan Maktab and Jalan Semarak, where the the four parcels of land are located, are valued at RM1,300 to RM1,600psf.
“This is a rough estimation based on the value of property in the area. The final price would depend on the land size, the use it is zoned for, and the actual location,” the Malay daily quoted Umran saying.
Berita Harian had claimed that a KLVC source said the land was worth RM1,950psf, and that foreign companies were also interested in the land parcels.
The daily had reported on Wednesday that ownership of the four parcels of land was transferred under shady circumstances in 2015 during the tenure of former Felda chairman Isa Abdul Samad.
It said the transactions involved seven towers, including Felda's iconic development, KLVC.
Citing sources, Berita Harian said the company appointed by Felda Investment Corporation Sdn Bhd (FIC) on June 3, 2014, was allegedly given power of attorney to develop these parcels.
The Felda board of directors were only informed of the project three months later, on September 2, for backdated approval, it said.
Felda chairman Shahrir Abdul Samad has lodged a police report on the matter after finding elements of fraud in the transactions, implicating Synergy Promenade Sdn Bhd, the company that was given power of attorney to develop the land.
Isa was Felda chairman from 2011 to January. He was replaced by Shahrir, who is the Johor Baru MP.
Isa was also the Felda Global Ventures Holdings Bhd chairman from January 2011 till June, and was FIC chairman since its inception on July 2, 2013, until this year.
He is now acting chairman of the Land Public Transport Commission.
Isa had yesterdayavoidedreporters waiting for him at the Kuala Lumpur International Airport. – December 23, 2017.
Felda land sold for RM270 million is worth RM1 billion. Let's see if they treat this similar to LGE case which only amounted to 2.5 million ringgit. Shocking grand theft!
The Israeli NWO tips their hand.-- Masonic Order Designs Symbology in IsraeliSupremeCourtBuildingThis report will shock and upset some. Now is the time to write it--Knowing it could be misunderstood as anti-Semitic. God forbid that I a Jew should ever say or do anything that would be remotely considered as such, but I must admit this report does not come easy for me. The fact still remains that an evil force has been put into place in Jerusalem and has spread throughout Israel, in preparations for the end time and the seat of the anti-Christ. For if we are to believe that the anti-Christ is to have his seat on the TempleMount, then we must come to grips with some truths not being preached today. One such truth is the foundation for such a move by the Devil must be already underway even as we speak, Or we simply are not in "end days" of an epoch. This report will prove that such a move is underway and has been for quite some timeIn this report are many …
Petroleum - organic or non-organic?This subject is seldom or never in the news. I have compiled a few articles for your viewing.
Credit goes to these people who have bravely withstood opposition and ridicule to bring us the truths outlined in their articles, reports, etc.
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30 Reasons to Never Put Another M&M in Your Mouth Ever Again
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