Lim guan eng must resign as follow; I)The mouth had cause anwar the PM place II)The interest rate reduction 3 times cause ringgit down by at least 10 percent and price increase of good by 20 percent. III)Many bad thn good after chinese vote 95 percent for dap.
(FMT) – Lim Guan Eng said today he did not know the market value of the bungalow he bought last year for RM2.8 million. Speaking to reporters invited to view his house, Lim said he was not a property agent.
Lim, who is leader of the DAP and chief minister of Penang, said the price had been agreed between him and the previous owner in 2012.
He said he had not taken it up as he was unsure whether he would be re-elected in the general election the following year, according to Star Online.
He was quoted as saying that the owner had agreed to hold the price at RM2.8 million, based on an understanding with his wife Betty Chew.
I would not know the price. There was a verbal understanding,” he was quoted as saying.
The house is a double-storey bungalow on 10,000 sq ft of land at No 25 Jalan Pinhorn, off Green Lane in George Town. In Parliament on Thursday, Shahbudin Yahaya, MP for Tasek Gelugor, had said the price was below market value, quoting a figure of RM6-RM6.5 million for comparable houses.
SsLee! LGE is economic graduate! Surely he should know gross property value of any property! Anyway, it's between seller and buyer mutual agreement! I don't think such case should be brought up in court! However, we all know Penang underwater bridge scandal is as worst as 1MDB! Ongoing court evidence shown us how corrupted LGE is!
PETALING JAYA: Urusharta Jamaah Sdn Bhd, a wholly owned subsidiary of the Ministry of Finance said it completed the transfer of non-performing assets held by Lembaga Tabung Haji (LTH) on Dec 28, 2018.
In a statement released today, Urusharta Jamaah said the transfer was done as part of LTH’s rescue and restructuring plan.
“This was done as a result of previous financial mismanagement and wrongdoings. The transaction above involved the transfer of assets with a market value of RM9.63 billion from LTH to Urusharta Jamaah in exchange for RM19.90 billion, consisting of 2 tranches of Sukuk totalling RM19.60 billion and RM300 million in cash payable to LTH,” it said.
“The difference of RM10.3 billion between the consideration of RM19.90 billion and RM9.63 billion market value of assets is to be borne by the government to ensure that the financial health of LTH is restored,” it added.
In the event the value of the assets depreciates further, then the losses for the government are estimated to be higher than RM10.3 billion.
Urusharta Jamaah further explained that the assets transferred to it consisted of a mixture of listed equity holdings, properties and one unlisted plantation asset.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....