PUTRAJAYA: The Pakatan Hara­pan government has unearthed what may be dubious dealings during the previous administration that caused the Malaysian Rubber Board (MRB) to lose close to RM1bil. Another questionable transaction involved the development of five facilities on MRB land, also in Sungai Buloh, where a breach in procedure resulted in about RM70mil in losses. Land sale concerns: Kok holding up a graphic about the sale of MRB land in Sungai Buloh during a press conference at her ministry in Putrajaya. Najib added that the RM2.28bil price tag for the land sold to Kwasa Land came to about RM18.70 per sq ft, a price which analysts then felt was reasonable and according to market value. He also pointed out that Kwasa Land is a company fully owned by EPF, which had developed the land to open a new township, Kwasa Damansara.

Source: thestar January 03, 2019 23:03 UTC