Shahrir, are you in cahoot with the gang trying to take over the KLVC project?

This is an interesting development of the Felda land deal issue,

Felda land deal profitable, board had full knowledge

excerpts 1;

According to the daily newspaper, all decisions pertaining to the June 2014 deal were made by FIC without the knowledge of Felda’s directors until they were informed about it in September of that year.

However, a source with intimate knowledge of the deal told The Mole today that the Felda board had endorsed it on the very day they were officially informed about the deal and then re-endorsed it on June 3, 2015.

(This is about the Berita Harian story which I believe was planted by the gang to create havoc so that they can take over the project)

excerpts 2;

Ever since the Berita Harian report, Felda chairman Tan Sri Shahrir Abdul Samad has been pulling out all the stops to undo the deal although SPSB is said to have not found to have committed any breach of contract.

The source pointed out that the FIC-SPSB agreement was drafted in such a way that it is practically irrevocable, unless SPSB has breached it.

The exact wordings of the conditions for a breach are as follows:

“The parties hereto agree that FIC shall be entitled to terminate this agreement in the event the master developer fails and/or omits and/or neglects to complete the said project within ten years from the date of the first development order and the land conversion to the category of land use commercial, whichever is later.”

(Why is Shahrir going all out to revoke the project after the BH story came out and insisted that it must be undone even before the forensic audit started? In fact, he said Felda had lost the land before PM said it has not lost the land. I'm begining to suspect that Shahrir was in cahoot with those trying to take over the project because of this)

excerpts 3;

Shahrir had portrayed the deal as a total loss for Felda but according to the source, FIC in fact is set to gain at least half a billion ringgit from it.

The source quoted the minutes of the 10th FIC board meeting on April 29, 2014, as such: “It was resolved that the company (FIC) do hereby accept the offer by SPSB on the proposed minimum guaranteed return (MGR) of RM500 million or 10 per cent of the gross development value, whichever is higher.

“The first payment of RM10 million being part of the MGR shall be paid within one month from the date of signing of the property development agreement.”

The estimated value of the land is RM200 million.

(Yes Shahrir, why did you say Felda didn't get a single sen from the deal?  Why did you try to make things look so bad that the issue became the latest weapon of the opposition with the general election just around the corner? Are you any better than Isa Samad?)

Please also read my first posting on this issue;

• Felda land noises, just another palace intrigue

excerpts;

- Everyone who should know about the deal, knew about it from day one. Nothing was said about it because everyone agreed that there's nothing wrong with the deal. That's the reason why MACC was quick to say there was no element of corruption in the deal. They knew it much earlier and had checked on it much before BH broke the story.

- The whole brouhahah was actually started by a bunch of people who were unhappy because the land deal leads to other deals which benefit a gang of people, believed to be linked with Isa. They were unhappy because they were left out of it, actually.

- These unhappy people, who have a degree of control over Media Prima are the ones who told BH to break the story which triggered all the noises.

And these greedy people trying to take over the KLVC project are still at it.

Just read the headlines of Media Prima newspapers on the issue which didn't show any real interest to correct the perception that the Felda land deal was so bad even after Najib said Felda didn't lose the land.

The latest that I heard was that this gang of eunuchs had already prepared two set of documents to revoke the land deal and stop the KLVC project even before the forensic audit has been completed. And they also have already set up some people to be the black sheeps for the whole thing.

Despite being close to Najib, these people don't seem to care that BN and Umno are bleeding support among the Felda settlers because of this issue which they created to take over the project.