WHAT, we do know is the land ear marked for a brand new airport in Perak was sold, sometime between 2018 and 2019 for a song to ECK Development at a time when Ahmad Faizal Azumu was the Menteri Besar of Perak.
A MACC investigation supposedly started in 2022, has yet to result in charges being filed against the individuals responsible for the sale.
ALL this is despite Nga Kor Ming raising the matter in the state assembly, claiming there no memo or even meetings to consider such a sale.
WILL Malaysia discover what is it actually did the Kedah Menteri Besar Muhammad Sanusi Md Nor saw back in 2021, to convince him that READ : ECK Development has proof of funds totalling RM6.5 billion for the first two phase of the planned Kedah International Airport.
ALL this for a company which was losing to the tune of RM43 million a year in 2021, with liabilities standing at RM627.6 million, surpassing the company's assets, but yet strangely were paying hefty dividends to shareholders.
THINGS get a lot more interesting when one starts to study Muhammad Sanusi Md Nor a bit more.
LIKE why on earth give READ: 11 acres of Prime land eventhough the planned rubber city project has been abandoned?
AND who is the generous recipient of this land,? Well it's none other than Hong Seng Consolidated, who kept their mouths closed, allowing the Kedah Menteri Besar to use the planned billion ringgit project as PR material on the ability of his PAS led Government in attracting investments for the state election campaigns last year.
MUHAMMAD Sanusi Md Nor would latter admit he knew in advance that the Hong Seng project was a dead wood, something which minority shareholders were not informed by the company until it was too late.
AND is there a link between Papa Rich, Tedy Teow Wooi Huat's MBI and Quantum Metal? We will soon find out, won't we...
