YB. R.S.N RAYER - A.D.U.N. SERI DELIMA, PENANG

GEORGE TOWN: The state government under the previous administration sustained losses estimated at RM84mil from questionable land deals, said Chief Minister Lim Guan Eng.
He said although land acquisitions were carried out under Section (1)(a) of the Land Acquisition Act 1960, there was misappropriation in the land acquisition process.

Lim told the State Assembly yesterday that several lots of land were added to the acquisition list without justifiable records.
“It can be considered that the lots were placed on the list for the owners’ profit,” he said.
He also said that 18 lots of land identified for acquisition changed ownership from one company to another, adding that he strongly believed that the transaction was planned to influence the value of the land and the compensation.

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