The Mentri Besar Incorporated (MBI), a state government subsidiary, said today there were discrepancies in Permodalan Negeri Selangor Berhad’s (PNSB) purchase of properties of Al Marwa Tower Makkah, Saudi Arabia in 2007.
…
The statement said, according to the PNSB Directors Circular Resolution dated Sept 14, 2007, PNSB had approved the purchase of five units of properties amounting to RM8,352,427.66.However, records showed that PNSB had between Sept 17 and Sept 19, 2007 transferred RM25,603,545 to Saudi Arabia for 12 units of properties.
Between Sept 25, 2007 and Oct 3, 2007 PNSB received cheques amounting to RM17,251,092 from an individual – said to be for the purchase of seven units from PNSB at the price PNSB had paid for. No official receipt was issued to acknowledge it.
It has come to the attention of board of directors this year that PNSB prepared and signed four cheques amounting to RM8,000,205.20 to an individual, who is the same person who had earlier handed over cheques to PNSB amounting to RM17,251,032 stated above.
However, three of the four cheques prepared and signed by authorised signatories were later cancelled.
The fourth cheque amounting RM2 million was released and banked into the account of the individual. PNSB then arranged with the bank to stop payment.
“Between the date of the acquisition of the additional seven units making a total of 12 units and the disposal of the seven units leaving five units in PNSB’s hand, there was no board of directors meeting or Board of Directors Circular Resolution for the transaction.
“Up to the point of issuance and cancellation of cheques to the individual, no board minutes or circular resolution were made,” said the statement.
“It should be noted that the acquisition was made in the name of then PNSB chairman Datuk Sri Dr Mohamad Khir Toyo as Saudi requirement that properties within the Mecca area must be in the name of Muslim individuals.”At the board of directors meeting in December 2007, Khir disclosed that the properties were in his name but assured the directors he would not be making any claim over them.
However, there was no mention of the exact number of units held by him.
“The above actions are certainly puzzling. Why did PNSB pay more than RM25 million when the board only approved about RM8 million for five units?
“Why did it then accept about RM17 million – said to be for the sale of the seven units? Why did it then attempt to re-purchase the units it had sold off?”
The statement said Mentri Besar Tan Sri Abdul Khalid Ibrahim, the current MBI chairman, intends to find the answers to the above questions and will not hesitate to take strong action should there be any criminality involved.
Malaysian politicians – mostly No shame. No morals, no ethics
Khir Toyo inspected Mersing ferries with law breaker Zakaria
Khir Toyo called to drop the rhetoric and be transparent and accountable
Khir Toyo the ineffective executive
Khir Toyo clamouring to repair public image
Khir Toyo’s new tune: law-breakers not fit to be councillor, now says there is crisis
Selangor under Khir Toyo – sad state of affairs
Sultan wants explanation re Klang, will also question Khir Toyo
Khir Toyo used to say Law-breakers (especially if he happens to be Zakaria) can become councillors
Khir Toyo drags his feet on Zakaria scandal: I don’t know, I am still waiting for reportKhir Toyo bought a Mercedes S350L with Kumpulan Darul Ehsan Berhad funds when he was Menteri Besar
Khir Toyo’s comment on the Dec 08 Bukit Antarabangsa landslide, during his time, Semuanya OK
Khir Toyo pronounces PKNS RM100,000 payout to him ‘halal’
Khir Toyo says when he was menteri besar, he only received salary and nothing else
Selangor lost RM30 billion under Barisan Nasional administration
Selangor State Assembly condemns Khir Toyo for stirring racial discord, inciting hate
Report lodged agains Khir Toyo for trying to incite communal anger
Khir Toyo says he is not corrupt at Umno function, gets heckled by attendees

I am a UK resident and if this guy were a
member of any political party in the UK he
would be behind bars serving quite a lengthy
sentence.His dedication to the electorate
seems to be limited by his avarice and self
promotion -a truly despicable character.
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]
[…] Khir Toyo implicated in Permodalan Negeri Selangor Berhad’s RM 25 million property deals in Saudi&… […]