Worse, the government's attempt to revive the botched construction is again facing delays, as the contract was given to the same contractor that undertook the project originally.
MAHB said the development is not expected to have any material impact on the earnings and net assets of the company, since it is subject to strict proof at the full trial of this case in November.
As of Dec 2018, 12,261 (22.5%) of existing 54,497 RKAT units in 100 locations nationwide are unfit for occupation either due to damages, lack of maintenance, or safety reasons. Another 2,212 had been renovated for other purposes.
According to the hansard of a Public Accounts Committee (PAC) hearing dated March 7, former Customs director-general Datuk Seri T Subromaniam said the department had not wanted to accelerate the refund process, because tax refund claimants would then be questioning why they had yet to receive their refunds.
Pegasus said the company and GE Properties Sdn Bhd had both mutually agreed to cease the letter of award (LoA) for the job.
"One funder [for YR1M] was 1MDB. The second was companies within the Genting Group. We also received a small amount of money from Petronas — that was for very specific projects."
Unfortunately, the GST collections were not deposited directly into the Fund for GST Refunds, and this had caused delays in GST refund payments for more than a year. Instead, the GST collections that were deposited directly in the Consolidated Revenue Account were used for other purposes by the previous government. The delays in GST refunds had caused severe financial complications for the taxpayers.
YR1M CEO: Najib's private secretary told me to get Ihsan Perdana to move RM42m into Najib's accounts
Ung said the funds do not belong to YR1M and she had been directed by the late Azlin to transfer the funds via whatsapp message.