Kok at a meeting to discuss the Bohol flood retention pond issue with Fadillah and Dr Zaliha in Parliament. — Courtesy photo
“The calculation was based on a formula in Rule 8 of the Federal Territory of Kuala Lumpur Land Rules 1995.“There was no wrongdoing involved; we just used a gazetted formula that was endorsed by the government,” the officer said. Residents of Kinrara in Puchong, Selangor, who live near Bohol pond, called for an explanation on the land deal, stating that the premium was below market value.
He claimed that the government would incur losses from the low price offered to the developer and requested that the government clarify the pricing criteria. “But in this case, the government lost money, so what is the point in calling for an open tender if we are going to rely on an old formula?” Ng said.