PKFZ a good idea, says LingThe plan to set up the Port Klang Free Zone to emulate Dubai’s Jebel Ali Free Zone was a good strategic idea, said former Transport Minister Tun Dr Ling Liong Sik.
“Up to my time, it was the idea put forward and accepted by the Cabinet. So we took the first step and bought the land before we lose it (to other development),” he said, adding that he only knew of developments in the PKFZ issue through the newspapers.
The Transport Ministry last week said the Port Klang Authority bought the land at RM25 per sq ft from Kuala Dimensi Sdn Bhd, which had bought the undeveloped property in 1999 for RM95mil or RM3 per sq ft.
Idea can be good but it is also an opportunity for the political corruptors to enrich themselves unjustifiably, bankrupting the state and bleeding the nation profusely.
Our politicians are not lack of ideas as this is the tool they used to make billions from nothing. Koperasi Nelayan got the land from the state for pennies, sold to a connector at $120mil who then conveyed it to PKA for $1b. Koperasi made 100x profit ($100mil), and connector made 10x profit ($900mil). Good biz deal!!!! Big deal. Good idea, Ling Liong Sik?
4 comments:
millions of leakages thru the land deal alone. what about another hundreds of millions for the inflated construction cost. and then conveniently blame on Dubai guys. As if deadman dont talk. though the dubai guys are not around to personally debunk your scandalous blame, the average joe can see thru the corrupt practices. And this connected fellow from Bintulu has the temerity to issue threats of suit against a portal news.
Seriously, i wish this fellow will go ahead with the suit. and the truth will hang him out to dry for all and sundry to see.
Like this respected man once a CEO of Tenaga said, "my greatest fear would be one day someone will urinate at my grave if I condone such act which is gravely against Tenaga". Do the perpetrators of the PKA scandal have such fear?
Mr ling is in denial mode. What he wants? A god damn medal for his stroke of good idea?
long time no hear this ding-a-ling spoke, and now when he did... good lord!!! *pengsan*
the more i read about PKFZ in the star, the more i feel like puking. this is the 2nd time the star 'praise' PKFZ. i mean talked all about the good and positive points of PKFZ only while over-looking to talk about the huge debt. what to do... star is MCA owned.
as a reward for screwing the government big time, the same group has now been awarded a flood mitigation project.
you wonder whats next?
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