houdini said… MACC don`t know how to investigate this????
GEORGE TOWN: Government strategic fund 1Malaysia Development Bhd (1MDB) only holds 20% or 23.47 acres (9.5ha) of the 116.89 acres of freehold land it purchased in Air Itam in 2013, revealed Chief Minister Lim Guan Eng last Friday.
He also revealed that the state could not locate on state records the remaining 117.11 acres of the total 234 acres of land which 1MDB claimed to have purchased in Penang.
“We searched everywhere in the Land and Mines Office records but could not find the remaining acreage (117.11 acres). All we found were 116.89 acres. And from that, we learnt that 1MDB only owns 20% or 23.47 acres in the state. It is shocking that 1MDB bought the three pieces of land with a high price of RM1.08 billion.
“Our checks showed that 1MDB only holds one quarter or 15.09 acres on Grant No 43187 (Lot 1561), one quarter or 3.87 acres on Grant No 53264 (Lot 1584), and 4.51 acres on Grant No 4661 (Lot 1457).
state could not locate records remaining 117.11 acres of total 234 acres
We searched everywhere in records but could not find (117.11 acres)
1MDB only holds one quarter or 15.09 acres on Grant No 43187 (Lot 1561)
All titles transferred to 1MDB Real Estate (Ayer Itam) on March 6, 2014
Lot 1584 also owned by Chong Sie Cheong, Ng Peng Wah, Tan Jiak Chye
The same as well as Farlim Properties also share ownership on Lot 1457
Sept 20 The Edge revealed 1MDB land deals