Documents indicate massive asset mis-management in Selangor
The real financial implications of the Shah Alam Stadium project have not even been determined by the Selangor government
A number of documents were viewed and found to indicate massive mis-management of Selangor’s state assets. The following notes taken out of the minutes of a state government technical meeting highlights some of the problems and issues of Selangor government asset management.
This minute relates to the Shah Alam sports complex, where the Shaha Alam Stadium is set to be demolished. The meeting was held back on 23rd October 2023. Apparently, there has been no meeting since.
Since this meeting, Fahmi Mohd Nordin, who was the CEO of the Shah Alam Sports Complex through a management company, Darul Ehsan Facilities Management Sdn Bhd, was sacked because of collusion with the chairman to defraud the stadium of some RM 2 million, through the selling off of assets.
What is most alarming is MBI still doesn’t know what the financial implications are for the project.
Unresolved issues related to the Shah Alam Stadium:
As, of 7th February the land the Shah Alam Sports complex is not owned by MBI. MBI cannot act legally on any issues related to the sports complex.
Sources have indicated that there was no consensus at the meeting to issues the demolition order by the MBSA.
3.3. is still an unresolved matter.
MBI doesn’t have the legal authority to make decisions over the land.
How can work be undertaken with an active injunction in force?
The 19 plots of land that will be transferred to the contractor has still not been decided.
Here the Carlton Hotel is one of the assets where ownership is to be transferred to the contractor. Why was it neglected, where value has been lost? This neglect is mis-management.
Section 13 in Shah Alam is now under a flood prevention project, where over RM 3 billion of federal funds have been allocated to Selangor, specifically for this purpose.
This is concerning. If the contractor doesn’t accept all the plots of land offered, the Selangor government may have to substitute cash.
The project manager Lembaran Prospek Sdn Bhd is a RM100 paid up capital company.
There are allegations that DEFM have sold off more than RM 2 million of Shaha Alam Sports Complex assets.
The real financial implications of the Shah Alam Stadium project are still not known.
Finally, according to some who attended the MOU signing, Norita Mohd. Sidek CEO of MBI wasn’t happy about signing the agreement. Perhaps, this is why it was only and MOU and not a MOA or actual contract. Norita left her service at MBI the very next day.
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