Police investigation into Phang's SD almost complete

  • Nation
  • Saturday, 02 Apr 2016

GEORGE TOWN: Police investigations into the statutory declaration (SD) made by businesswoman Phang Li Koon over the sale of a bungalow to Lim Guan Eng is almost complete.

"We will be referring the investigation to the Attorney-General's office next week for further instruction," said George Town OCPD Asst Comm Mior Faridalathrash Wahid (pic).

"The investigation has been taken over by Bukit Aman. We have formed a special task force to deal with the matter," he said Saturday.

ACP Mior said they had recorded the statements of over 10 people, including Phang and the Commissioner of Oaths who prepared the SD.

On March 22, Phang's SD was read out by state executive councillor Phee Boon Poh who said he was her distant relative and adviser to the Phang Clan Association.

In the declaration, Phang said she did not survey the market value of the bungalow when she sold it to Lim as she did not think it was necessary.

Phang had sold her bungalow in Pinhorn Road to Lim at RM2.8mil last year.

The stamp duty valuation of the property was RM4.23mil.

Phang also said that she had no business relationship with the state government.

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