BN White Elephant Project #3 :: Lower bid for a land housing the Jalan Merlimau market was awarded to UMNO crony

According to FMT, Syed Mokhtar al-Bukhary won an RM58 million purchase bid for the 3.08 acre land.

Wait a minute, only a man biting a dog is a news, what the heck I am talking about this business deal?

The Ministry of Finance (MoF) awarded the land to Konsortium Jentera Sdn Bhd/Nusantara Sdn Bhd, owned by UMNO crony despite there being a second company which submitted a higher bid of RM88 million.

Why a lower bidder with less than RM30 million than RM88 million higher bid was awarded?

Public fund losses by MOF : RM 30 million

Number of BN White Elephant Project monitored : 3

Total accumulated cost or losses: RM 7228 million.

1Malaysia = Kroni didahulukan, Rakyat dibelakangkan!

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