Documents indicate massive asset mis-management in Selangor
Documents indicate massive asset mis-management in Selangor
The real financial implications of the Shah Alam Stadium project have not even been determined by the Selangor government
A number of documents were viewed and found to indicate massive mis-management of Selangor’s state assets. The following notes taken out of the minutes of a state government technical meeting highlights some of the problems and issues of Selangor government asset management.
This minute relates to the Shah Alam sports complex, where the Shaha Alam Stadium is set to be demolished. The meeting was held back on 23rd October 2023. Apparently, there has been no meeting since.
Since this meeting, Fahmi Mohd Nordin, who was the CEO of the Shah Alam Sports Complex through a management company, Darul Ehsan Facilities Management Sdn Bhd, was sacked because of collusion with the chairman to defraud the stadium of some RM 2 million, through the selling off of assets.
What is most alarming is MBI still doesn’t know what the financial implications are for the project.
Unresolved issues related to the Shah Alam Stadium:
As, of 7th February the land the Shah Alam Sports complex is not owned by MBI. MBI cannot act legally on any issues related to the sports complex.
Sources have indicated that there was no consensus at the meeting to issues the demolition order by the MBSA.
3.3. is still an unresolved matter.
MBI doesn’t have the legal authority to make decisions over the land.
How can work be undertaken with an active injunction in force?
The 19 plots of land that will be transferred to the contractor has still not been decided.
Here the Carlton Hotel is one of the assets where ownership is to be transferred to the contractor. Why was it neglected, where value has been lost? This neglect is mis-management.
Section 13 in Shah Alam is now under a flood prevention project, where over RM 3 billion of federal funds have been allocated to Selangor, specifically for this purpose.
This is concerning. If the contractor doesn’t accept all the plots of land offered, the Selangor government may have to substitute cash.
The project manager Lembaran Prospek Sdn Bhd is a RM100 paid up capital company.
There are allegations that DEFM have sold off more than RM 2 million of Shaha Alam Sports Complex assets.
The real financial implications of the Shah Alam Stadium project are still not known.
Finally, according to some who attended the MOU signing, Norita Mohd. Sidek CEO of MBI wasn’t happy about signing the agreement. Perhaps, this is why it was only and MOU and not a MOA or actual contract. Norita left her service at MBI the very next day.
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Is mismanagement not like a phase Proton went through on the way to a certain total obliteration? Had it not been the permanently ailing company on a forever drip feed of huge amounts of money just to stay barely alive in order that it could bleed to near-death each few months, a CEO with just a bit of sense would have let Proton die just to be merciful. We just do not have the expertise or integrity from the monkeys appointed for their nice management titles, nor the environment conducive for the honest operation of any business, industrial, etc entity. Incompetence, impotence, and gross corruption would describe our operating climate.
Fortunately, for Proton, the Big Woman up the Sky blessed us with the Coming of the Chinese Uncles, let Proton not only rise from the dead but let it thrive as an amazing success. The old crap of a totally fcuked-up company the degenerate Mamakthir called his "child" was nothing else but Bolehland being made to polish Mamakthir's huge childish ego at constant massive haemorrhage of funds. Only the blessed Chinese Uncles could save us, no one else could or wanted to.
Nearly all our outfits are mismanaged, we simply do not have politicians or managers with the skill or integrity to run any corporate entity. That's what has gone on for decades. For a start, when you go to our universities you find out that they are run by dumbfcuk appointees and staffed by mostly hereditary morons.
So, I'm in no way surprised when it is uncovered this Sha la la entity is badly run, wtf in Bolehland isn't badly run? I won't be surprised either if the article is met with a reprisal, our monkeys have extremely thin skin and fragile ego, and they always take it out on those who have every right to call out the useless bureaucrats. We even have politicians who demand legislation to stop the public from calling them out, or say naughty things about those worthless bastards. I would suggest the mirror site is advertised all the time, the main site might just become inaccessible.
I won't bitch about anything if I were caught out for mismanagement, hanky panky, or anything else. Soon pardons would have to be extended to more than just the "elite" degenerates, everyone else would be entitled to pardons. So should anyone be punished, all he needs do is go to court, gets punished and then apply for the pardon, get discounted punishment, easy peasy.
Btw, what happens when it is a foreigner who incurs the wrath of our "elite" and the courts? Right now haven't we got the case of that elderly Angmoh auntie self-styled Sarawak's saviour who's been given two years prison sentence and is now on the run like Fat Jho. I think Mamakthir, Anwar, PKR, DAP, Bersih, etc should rush to get that book of vouchers, help out the auntie even if our courts will do nothing to extradite auntie from the UK. Remember we're still waiting for a bit of action to grab hold of Fat Jho, Niamahydin's son-in-law, etc. And remember too, in Bolehland, you may have to wait forever for nothing to happen. However, this one is Angmoh, our colonial Sambos may treat her case as something else, rush into action. I'd, though, caution against any gofundme and raise money to help out Mamakthir's friend and Gordon Brown's cleaning woman, and offend our most-high "elite". Unless, of course, that's what you pathetic spineless monkeys want to do for a spot of sedition.