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Reveal all agreements on Talam, says MCA

 | July 31, 2012

Young Professionals Bureau chief Chua Tee Yong claimed that the Selangor state government signed a new agreement in 2010 on Talam's debt-restructuring exercise.

KUALA LUMPUR:  The Selangor state government has been urged to disclose all agreements made by the previous state administration pertaining to the Talam Corporation’s debt-restructuring exercise.

MCA Young Professionals Bureau chairman Chua Tee Yong claimed that the last agreement signed by the previous Barisan Nasional state government on the debt restructuring expired in March 2008.

“The Pakatan Rakyat state government even signed a new agreement on the matter in 2010, which means they are no longer bound by the previous agreements,” he said when commenting on a statement by Selangor state executive councillor Teresa Kok.

“So the claim by Kok that the state government is bound by the agreements signed by BN is misleading and false,” Chua said.

On July 25, Kok published a statement on her blog saying that the Selangor government had no choice but to abide by the agreements made by the previous state administration on Talam’s debt- restructuring exercise as it was approved by the court.

Since early this month, Chua made various allegations, saying that the Selangor state government had used nearly RM1 billion of public funds to save developer, Talam Corporation (now Trinity Corporation).

Last week, the MCA leader accused the state government of forcing Kumpulan Hartanah Selangor Bhd (KHSB) to purchase Talam’s assets worth RM44.7 million.

Chua, who is also Agriculture and Agro-Based Industries Deputy Minister, said that there were three agreements made by the previous state administration, which were in July 2005, March 2006 and March 2007 in regard to the debt-restructuring exercise.

However, he pointed out that the Selangor state Hansard of 2010 and 2011 made no mention that the current state government is still being bound to any of the agreements.

“We welcome Kok to the reveal the agreements to the people to prove that they are still valid even after the Pakatan administration signed a new agreement,” said Chua.


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