Sunway could emerge as one of the potential contenders for the ECRL project, says CGSCIMB Research
Via subsidiary Sunway Construction Group Bhd, could emerge as one of the potential contenders for the ECRL project.
Via subsidiary Sunway Construction Group Bhd, could emerge as one of the potential contenders for the ECRL project.
"The key is that certain people have used this money for other purposes, instead of its stipulated purposes."
"It is normal to give gifts to other leaders. Usually the government will bear the cost of the gifts (such as when the fourth prime minister gave a big gift to Zimbabwean President Robert Mugabe), but I had paid for the gifts using my own credit cards."
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.
He added that it was impossible that the GST revenue was robbed or misappropriated as the placement of the tax revenue into a consolidated revenue account was above board and also practised by the Singapore government.
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."