RM50mil land sold for RM2mil

  • Nation
  • Saturday, 01 Feb 2003


KUALA LUMPUR: While the members of a family argued who should finance the building of a temple on a piece of property worth an estimated RM50mil in Gurney Drive, here, a syndicate sold it for just RM2mil using forged court documents and a fake land title deed. 

Two men and a woman have been arrested following a report lodged by a senior federal counsel last year as the property was under the public trustee’s care. They are in remand to help investigations. 

Several forged documents have been seized from the suspects by officers from the federal police commercial crimes division. 

The division's director Deputy Comm Datuk Maizan Shaari confirmed the arrests but declined to elaborate.  

Sources familiar with the investigations said the three suspects were arrested several days ago. 

Police will submit their investigation papers to the authorities for further action. 

They said initial investigations showed the syndicate used fake documents to get the land office to change the status of the land, which was under public trusteeship, in favour of one of the nominees of the buyer. 

The sources said the property belonged to a tycoon who at the time of his death in 1937 owned more than 70 plots of land throughout the country. 

They said the tycoon had, in his will, divided most of his property among his children but left four plots of land in Gurney Drive with instructions for a temple to be built there. 

However, the family members could not agree on who should finance the construction of the temple and referred the matter to the public trustee. 

Members of the syndicate, who realised the value of land, arranged to have it transferred to their nominee and then sold it several weeks ago.

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