The reports were lodged at the Sentul police station last week and sought investigations into allegations that he had misused his position as president to raise funds for acquiring assets worth RM28 million
“Obviously, a reversal of any agreement, especially one made more than five years ago, is a serious matter and cannot be done without good reason."
The acquisitions will come from its parent Johor Corp as well as external and third parties, said Datuk Kammaruzzaman Abu Kassim, the chairman of Damansara REIT Managers Sdn Bhd which managers Al-Salam REIT.
The new building will comprise three office towers on top of a retail podium and come up on four acres of land named Lots L, L1 and M next to the mass rapid transit (MRT) KLCC East Station near Jalan Binjai in Kuala Lumpur.
"Singapore's current policies will be way ahead of us but I think the SIT (Singapore Improvement Trust) and HDB flats may still be relevant for Malaysia..."
Penang Chief Minister Chow Kon Yeow said the proposed Penang South Reclamation (PSR) project – which entails the reclamation of land to create three islands that measure 2,000 acres, 1,300 acres and 800 acres – was to raise funds for the PTMP which costs billions of ringgit.
“Traffic conditions are expected to worsen if intervention measures are not implemented.”
MBI has been given seven days to clean up the area.
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