By SHAHEERA AZNAM SHAH & AFIQ AZIZ / Pic By MUHD AMIN NAHARUL
The Federal Territories (FT) Ministry will review more than 100 commercial projects which have been put on hold by the Kuala Lumpur City Hall (DBKL) since May this year due to imprecise documentation.
FT Minister Khalid Abdul Samad said the projects have been suspended as the transactions involved might have contradicted with Pakatan Harapan’s administration policies.
“DBKL has postponed more than 100 projects that may seem not aligned with our policies after Pakatan Harapan took over the government.
“Most of these projects have been approved by the previous government, but are not being documented properly,” he said at the Blockchain Solutions Asia 2018 in Kuala Lumpur
He said most of the projects are likely to proceed as there are no dubious transactions involved or associated with.
“We will go through all the transactions next week. It would not take a long time as the issue with all these projects is not related to bribery, but documentation.
“For example, an international hotel project in Jalan Stonor, Kuala Lumpur, failed to justify the unusual plot ratio for its project, which may seem suspicious as it had received a higher plot ratio than the usual,” he said.
Khalid added that the standstill projects have to be cleared as soon as possible to secure investments and developments in the city.
At a separate event, Khalid explained that most of the projects are comprised of multi-storey car parks, multinational hotels and office buildings.
Meanwhile, he said 20 out of the 97 plots of land which are being investigated by the Malaysian Anti-Corruption Commission (MACC) have been given the go-ahead.
“The investigation into the 20 plots of land is completed and the ownership of the lands had been transferred. So, any action will put the contract on the line.
“However, some of the (20 plots of) land are still being probed by the MACC as there are certain dubious aspects of the transactions which have not been cleared,” he said.
Khalid said prior to this, DBKL had given the green light to 43 plots of land out of the 97 investigated transactions, while 23 others are still being renegotiated.
“The 43 plots of land were released last Tuesday.
“We are renegotiating 23 more, of which 15 are almost completed. Of the total 97, we had terminated 10 transactions,” he added.