Wednesday 3 September 2008

PDC lodges report against Ahmad and former company

The Star
By ANDREA FILMER

BALIK PULAU: The Penang Development Corporation (PDC) has lodged reports with the police and Anti-Corruption Agency (ACA) over alleged misappropriation of funds involving former senator Datuk Ahmad Ismail and the now-defunct company Popular Profile Sdn Bhd (PPSB).

PDC legal adviser Zainun Abdul Rahman made the police report at the Bayan Lepas police station on Wednesday.

Zainun, who spent more than four hours at the station, was escorted out by a police officer and only spoke briefly to the press.

“I am here acting on the instructions of the Chief Minister who is also the PDC chairman,” she said.

She declined to divulge details of the report but said that most people had already “read about it (the case) in the newspaper”.

When contacted, PDC general manager Datuk Rosli Jaafar also confirmed that an ACA complaint had been made on Wednesday afternoon.

“We are leaving it up to the police and ACA to investigate the matter,” he said.

State deputy police chief Senior Asst Comm (I) Datuk Salleh Mat Rasid confirmed a police report had been lodged but declined to elaborate as investigations were pending.

On Tuesday, Chief Minister Lim Guan Eng said the state would lodge a police report and ACA complaint over a RM500,000 loss of state funds in a 1997 PDC land deal in Bukit Minyak.

He said the deal had fallen through after PPSB, of which Ahmad was then a director, had failed to come up with the purchase price of RM5.5mil.

Half of the down payment or RM554,000 was returned to the company while the other half was confiscated by PDC.

Lim said PPSB had failed to transfer the money to deal financer Perbadanan Usahawan Nasional Bhd who was holding the land title which resulted in PDC having to fork out an additional RM500,000 to regain the rights.

PPSB wound up in 2005 and Ahmad, who is currently under investigation for allegedly uttering seditious racists remarks, is believed to have broken off all affiliation with the company in 1998.

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