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Stop making a mockery of yourself, Chua tells Kok

 | August 6, 2012

MCA's Chua Tee Yong says Selangor state exco Teresa Kok was issuing statements on Talam without checking her facts.

PETALING JAYA: Selangor executive councillor and senior DAP leader Teresa Kok has been told to check facts before countering issues pertaining to Talam Corporation Bhd.

MCA Young Professionals Bureau chief Chua Tee Yong said Kok’s latest statement appeared to suggest that Talam had used property belonging to a state-linked company to offset its debt.

“I advise Kok to check the facts first, otherwise she will only be making a mockery of herself,’’ he said.

He said this in response to Kok’s denial that two pieces of land in Ulu Yam covering 401 acres were acquired at RM18mil from Talam, as part of a debt-recovery exercise.

Kok had said that the land was not purchased from Talam as it belonged to SAP Holding, a subsidiary of Kumpulan Hartanah Selangor Bhd (KHSB).

She said SAP took back its land in 2008 after the cancellation of a joint venture agreement with Talam, as developments in Class 3 and Class 4 slopes were not allowed.

However, in a circular issued to its shareholders in March last year, Talam (now known as Trinity Corporation Bhd) had listed two plots of land in Ulu Yam as among the properties disposed to Menteri Besar Incorporated (MBI) in its debt settlement agreement.

It is stated in the circular that Talam Leisure Development Sdn Bhd, wholly owned subsidiary of Talam, is the beneficial owner of the two plots of land in Ulu Yam.

“If the land is returned to the state-linked company, as claimed by Kok, how did Talam offer it as settlement?” Chua asked.

Chua said it was not the first time Kok made conflicting statements.

“Although she is a senior executive councillor, I do not think she understands what she is saying.

“Before she confuses herself further, I advise her to check facts to avoid making more blunders,’’ he said.

DAP leaders Kok and Tony Pua had defended the Selangor Pakatan Rakyat government’s bid to recover RM392 million debt owed by Talam to three state entities namely Unisel, SAP Holding and PKNS.

Chua had questioned why the exercise to recover RM392 million debt ended in questionable deals worth over RM1 billion.

The RM1 billion questionable deals include RM392 million grant obtained by MBI to facilitate the debt-recovery exercise, and RM676 million worth of assets acquired from Talam.


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