Teng Will Not Submit The Agreement Between TIRSB And Ideal Property Sdn Bhd



GEORGE TOWN, Nov 20 – Penang State Barisan National (BN) Chairman Teng Chang Yeow hold a press conference today said he will not submit himself to the dateline as demanded by the Chief Minister of Penang to show the document proving the profit guarantee agreement between TIRSB and Ideal Property Sdn Bhd.  He said the Chief Minister has to be patient as he unfold one after another detail of the deal.

“I know that the Chief Minister of Penang will eventually take legal action against me in order to silence me from revealing the truth.  As an opposition party in Pakatan ruled states, I expected that to happen.  But I am revealing the truth and I know I will have to go through that process,” Teng said.

“I am disturbed by the Chief Minister of Penang continuously attack of the media over Pulau Jerejak issue. It has proven that the Chief Minister has no tolerance of press freedom in reporting but must only write in his favour. In this respect, he is far from Tan Sri Dr. Koh Tsu Koon in respecting the professionalism of the media and journalists.  As he himself always said and now aptly described himself, blaming everyone except himself and God,” he said.

Teng said he is equally puzzled as to why the Chief Minister of Penang is not asking UDA to come forward to disprove his allegation of the existence of such agreement of profit guarantee between TIRSB and Ideal Property Sdn Bhd. He said he understand the concern of the UDA management, just as all the developers in the state, that their projects will be affected, if they speak on issues that is not pleasing to the ear of the DAP State Government. 

He said UDA should not be unduly worried of their projects being halted by the State Authority if they come forward as they should be upholding good corporate governance than being treated unfairly by the power that be. He also added that UDA should come forward now to tell the truth.

“There were many flaws in the Chief Minister’s reply on Pulau Jerejak.  Firstly, the then BN State Government, did not sell away land in Pulau Jerejak.  The then BN State Government entered into an agreement with the Federal Authority to jointly develop Pulau Jerejak,” Teng said.

“It was a Government to Government joint venture. It is the present DAP State Government that sold the entire shares to a private developer, thus effectively sold away land in Pulau Jerejak! Secondly, the Chief Minister had confirmed that the acreages allowable for the development remain the same as decided by the then BN State Government. 

“Why take them so long to gazette the rest of the land as permanent forest reserve?  The demarcation and survey of the land was completed at the end of 2007, after the amendments to the National Forestry Act were approved by the State Assembly when I was still the EXCO Member.

“However, the Chief Minister claimed otherwise.  Even if that is true, one wonders that it wasn’t a land surveying of the Himalayan Mountain that it has to take 8 years under DAP State Government to complete! It is obvious that there were still other untold intention of Pulau Jerejak, best known only to the DAP State Government,” he said.

Teng said he would like to remind the Chief Minister of the ignorance that once it is gazette as permanent forest reserve and gazette as a State Park, the funding will come from the Federal Government, just as in the case of Bukit Panchor State Park in Nibong Tebal. He said the Forestry Department will be more than happy to advice Lim on that.

“Thirdly, the Chief Minister argued that Ideal was brought in by UDA and the PDC has not choice as a 49% shareholder but to sell the shares to Ideal.  The Chief Minister has all along portrayed himself as against deals involving UMNO controlled agencies because to him, such deals were always against his principle of CATm” he said. 

“If that the case, why did he not question the intention of UDA in ‘forcing’ PDC to sell its 49% shares to Ideal?  If the Chief Minister can be so powerful in denying development of 1MBD land in Air Itam as he had announced few times, what makes him so powerless over Pulau Jerejak?” he asked.

“I have no intention of dragging in the General Manager of PDC in this issue as I always believe that as a civil servant, they are just carrying out order.  However, since he wants to be dragged in by the Chairman of PDC who is also the Chief Minister, I would like to give him a piece of my mind,” he said.

“The General Manager of PDC should not be a spineless CEO of an organization that has good proven track record.  He has served the organization well before the current administration. He should speak up for the organization and the people of Penang. I am disappointed by his attitude now, of protecting his rice bowl than to speak the truth! But I pity him. At the end of the day, he will be blamed for every decision that goes wrong which he has no part in it,” he added.

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