Selangor Opposition Disputes Talam Land Valuation

SHAH ALAM, Nov 23 – Several Barisan Nasional members of the Selangor state assembly today disputed the Selangor government’s land valuation methods in taking over Talam’s RM392 million debt.

Wong Koon Mun (BN-Kuala Kubu Baru) said the Property Services and Valuation Department (JPPH) was not used to valuate Talam’s assets and the state government had instead used the services of a private appraiser.

“In the process of taking over Talam, JPPH plays an important role in setting a premium value,” he said at a press conference after Menteri Besar Tan Sri Abdul Khalid Ibrahim wrapped up the 2013 Budget at the state assembly, here today.

Wong also questioned the valuation of Talam’s assets in Bukit Beruntung and Ulu Yam, which he claimed were done by a private appraiser.

He further claimed that most of Talam’s 160 hectare land in Ulu Yam had grade 3 and 4 slopes, which were unsuitable for development.

Sulaiman Razak (BN-Permatang) queried why the 539.2 hectare Talam land in Bukit Beruntung worth RM262 million was taken over by the Selangor government whereas the land was only assessed at RM113 million by JPPH.

Earlier during the winding up, Abdul Khalid said the Talam land evaluations were based on commercial rates to speed up the process of acquiring the debt as the company’s financial situation was critical and categorised as PN17 inBursaMalaysia.

He added that the decision was based on the commercial and not administrative aspect.

The assembly also passed the 2013 Budget which was tabled on Monday.

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