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Big difference in land valuation

KUALA LUMPUR: Two plots of state land given to the developer of the Penang undersea tunnel project were valued at RM300mil by a private valuer, a stark difference from the RM80mil value placed on them by two government officers, the Sessions Court heard. ....

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Witness: Two plots of land in Tanjong Pinang valued at RM300mil

KUALA LUMPUR: A real estate valuation company director told the Sessions Court here on Wednesday (Aug 10) that two plots of land in Bandar Tanjong Pinang, Penang, which were transferred to two companies, Ewein Zenith Sdn Bhd and Consortium Zenith BUCG Sdn Bhd by the state government were valued at RM300mil. ....

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State spending under spotlight

KUALA LUMPUR: Curveball questions from the prosecution in Lim Guan Eng’s corruption trial seemed to throw the defence off-guard as the hearing entered its fourth day.
Deputy public prosecutor Wan Shaharuddin Wan Ladin posed the questions as the case’s third witness, Datuk Lim Hock Seng, read from his witness statement.
One of the questions pertained to a multimillion ringgit project on a plot of land, known as Lot 702, which was developed by a third party known as Ewein Zenith Sdn Bhd after the land was given in exchange for completing a feasibility study for the Penang undersea tunnel project. ....

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