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Thomas said this in a letter to the PAC dated Oct 9, 2018. The content of the letter is attached to PAC's report on the GST refunds that was released today.

He said the development was in accordance with the concession agreement between Syarikat Tanjung Bruas Sdn Bhd and the Federal government via the Ministry of Transport.

"I would like to clarify that the Ministry of Finance and myself have not issued any instruction of seizure," said Lim.

Yeoh confirmed these transactions made with the former premier's Visa and Mastercard platinum credit cards that were linked to his AmBank account ending 880.

REIT is expected to derive rental income from the proposed sub-lease upon completion of the proposed development.

As at May 31 last year, only RM1.5 billion GST refunds were approved but have not been paid.

The company’s talks with the lender are still at an early stage and there is no guarantee a deal will happen.

The Public Accounts Committee (PAC) will be tabling its report on arrears for repayment of GST amounting to RM19.4 billion at Dewan Rakyat.

“The state can be a progressive institution that can bring about [a] ‘helping hand’ to nurture domestic investments and foster the transfer of technologies." said Dr Edmund. 

Deputy Chief Minister Datuk Amar Awang Tengah Ali Hassan said that every inch of land belonging to the people taken back by the government for such purposes would be compensated accordingly.