Press Conference Statement By Penang Chief Minister Lim Guan Eng in Komtar, George Town On 26.2.2016.
The Penang state government wishes to highlight two recent High Court cases which reveals the potentially huge compensation payout faced by the present Penang state government involving hundreds of millions of ringgit due to criminal failures of the previous BN state government.
The two recent cases involve one in Majlis Perbandaran Seberang Perai(MPSP) in 1994 known as the NEG Engineering Sdn Bhd case involving a huge RM 243 million claim whilst the second one is against the state government on a land acquisition matter in 1992 known as the Bagan Serai Housing Estate Sdn Bhd case on the present Megamall complex site in Prai, Seberang Perai.(see attached). MPSP was fortunate to win the NEG Engineering Sdn Bhd case which involved an active politician who was a leader in the previous government, but there is a possibility that they may appeal. Reports have also been filed by MPSP to the police and Malaysia Anti-Corruption Commission(MACC). Continue reading “Two Recent High Court Cases Highlights The Potentially Huge Compensation Payout Faced By The Present Penang State Government Involving Hundreds Of Millions Of Ringgit Due To Failures Of The Previous BN State Government.(e/m/c)”