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Thursday October 3, 2013 MYT 12:00:00 AM
Thursday October 3, 2013 MYT 6:53:19 AM
by foong pek yee
KUALA LUMPUR: The sale of a piece of land belonging to MCA for RM8mil early this year has become a point of contention.
Wangsa Maju division chairman Datuk Yew Teong Look told 500 people at a gathering opposite the party headquarters here yesterday that the party must buy back the land in Bangi at all costs for the sake of pride and dignity.
Top MCA leaders, in response to the call, pointed out that the sale was approved by the central committee (CC) and presidential council as provided for under the party constitution.
Deputy president Datuk Seri Liow Tiong Lai and Datuk Seri Chor Chee Heung were at the final negotiations with the buyer, Mah Sing Group Bhd, a developer, over the deal.
Chor confirmed that he had been instructed by the leadership to negotiate with the buyer to raise the price to RM8mil.
“The buyer agreed to our price and I reported back to the central committee which endorsed the sale,” he said, adding that the sale was also endorsed by the presidential council. The initial offer price was RM5.5mil.
Chor also disagreed with Yew who accused the leadership of selling the plot of land secretly.
The 3.2ha plot was pledged by the late philanthropist Tan Sri Loh Boon Siew to MCA.
In May 1996, then MCA president Tun Dr Ling Liong Sik did a ground-breaking ceremony for the MCA cadre training centre on the plot.
He also said the party would also build its headquarters there after the completion of the centre. However, the projects never took off.
Secretary-general Datuk Seri Kong Cho Ha also confirmed that the sale was approved by the central committee and presidential council.
“Everything is minuted and there is no such thing as the deal being done in secrecy,” he added.
Meanwhile, Yew who dubbed himself MCA Safeguard Party Assets Action Committee chairman also continued harping on the RM107mil accumulated by the party since Datuk Seri Dr Chua Soi Lek became president in March 2010.
On Sept 22, Dr Chua revealed that the party’s assets grew by RM107mil since he took over.
He said he had appointed tax and financial advisers to re-organise the party’s assets to be more tax efficient.
Wisma MCA and The Star shares were subsequently transferred and registered under the party.
As a political party, MCA is entitled to tax exemption.
With that, Dr Chua said the party saved RM700,000 in taxes from annual rental from Wisma MCA, while the party’s stake in Star Publications increased from 41% to 42.4% in the last three years.
The party also bought Menara Multi Purpose and registered it under the party. The rental was also tax-free.
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Politics, mca RM8mil land sale chua chor liow
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