We have new evidence of corruption, says PCM

  • Nation
  • Saturday, 06 Jan 2018

PUTRAJAYA: Parti Cinta Malay­sia (PCM) has emerged with new evidence to support its claims of alleged corruption in the controversial Penang undersea tunnel project.

Its vice-president Datuk Huan Cheng Guan submitted several documents, which he said contained the fresh evidence, to the Malaysian Anti-Corruption Com­mission (MACC).

“We have collected more evidence from sources and we are handing it over to the MACC so they could investigate this case further,” Huan said before entering the MACC headquarters here.

Huan said despite being questioned many times over the tunnel project, the Penang government had failed to respond so far.

He claimed the state government has yet to respond to seve­ral questions posed by him and others regarding the project.

“Why did the state government allow the Penang Tunnel Special Purpose Vehicle (SPV) company to pre-sell RM3bil worth of state land rights, even though the road project went through a four-year delay before construction commenced?

“What happened to the feasibility and detailed design studies costing RM305mil that have yet to be completed despite the Penang government having paid RM220mil to the SPV, an amount previously identified to be 400% above the gazetted scale?” he said in a statement.

Huan added that he was provided information from sources that the Penang government had also allowed the SPV company to pre-sell 20.2ha of state land on Gurney Drive to a listed company for RM2.38bil, to develop a project called Wellness City of Dreams.

“This project, which will be 100% privately owned in a joint venture between the listed company and the Penang Tunnel SPV company, was announced to have a Gross Development Value of RM15bil.

“I hope the MACC can investigate and find out if there is wrongdoing or corruption in this extremely lopsided project that seems to benefit developers at the expense of the taxpayers’ mo­­ney,” he said.

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