Land swap projects lost RM500mil: Ministry will lodge reports to RMP, MACC

Minister of Defence, Mohamad Sabu – Image via Suara Pakatan Daily

KUALA LUMPUR Feb.19:  The Ministry of Defence will lodge reports to the Royal Malaysian Police (RMP), Malaysian Anti-Corruption Commission (MACC) and related agencies regarding land swap projects that incurred losses amounting more than RM500 million.

These actions will be made following investigations conducted by the Governance Investigation, Income and Government Finance Committee (JKSTUPKK) on certain projects including land swap projects belonging to the Ministry of Defence. This committee was chaired by Tan Sri Ambrin Buang.

Minister of Defence, Mohamad Sabu said, he will ask his officers to lodge reports to the authorities concerned to investigate further and take necessary actions according to the rule of law.    

The land swap involves 16 projects that occupy 2,923 acres of land owned by the Ministry of Defence and is worth RM4.756 billion while the project’s cost is RM4.886 billion.

“The ministry was informed that majority of the land swap projects were implemented without proper planning and developers’ companies were not selected with comprehensive due diligence process.

“It was found that there was political intervention in the selection of land swaps’ locations with political interests for certain parties. Due to such intervention, some of the projects went beyond the duration of the contract that was agreed upon before,” Mohamad said in a statement today.

The statement also said that no doubt some projects have been completed but the building quality was not up to expectation (unsatisfactory).

The investigation reports were tabled and accepted in the Cabinet Ministers’ Meeting on February 13, 2019 while the results of the JKSTUPKK investigation had been reported on January 28, 2019. –Malaysia World News 

 

          

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