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Property Purchase In Melbouene According To Procedures

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SUNGAI PETANI – The property purchase in Melbourne, Australia by a subsidiary of Majlis Amanah Rakyat (MARA), Mara Incorporated Sdn Bhd is in accordance with procedures, says Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal.

He said there was only one agreement on the property purchase, and looking at the facts available, there was no element related to inflated price as reported by the Australian newspaper, The Age.

“And, we made the agreement, there was an agreement, if there are issues raised that the price was inflated, we have the agreement with the seller, the buyer, how much it was sold, the value, how much we paid…so, if there are allegations, if there is evidence, they can complain.

“I would say that the facts which they had communicated were incorrect, based on what is stipulated in the agreement, what are stated in the agreement are correct, unless, there was another agreement,” he told reporters after iftar with village security committees (JKK) here yesterday.

Mohd Shafie said as explained by MARA chairman Tan Sri Annuar Musa, the purchase of the building was at a price of A$22 million; however, the price of the building had today gone up to A$27 million. – Bernama

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