Rabu, 15 Jun 2011

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Dr Khir Toyo trial:<br>Shamsuddin not authorized to purchase land

Posted: 15 Jun 2011 11:16 PM PDT

2011/06/16
By Rita Jong
news@nst.com.my

SHAH ALAM: Businessman Shamsuddin Hayroni was not authorised to purchase the two plots of land and a bungalow on behalf of its company Ditamas Sdn Bhd.

The High Court was told that Shamsuddin had signed the Sales & Purchase agreements for the purchase of the properties before a resolution was passed by its shareholders.

There were 3 agreements signed by Shamsuddin when he purchased the properties for RM6.5 mil in 2004 before selling it to former Selangor MB Dr Mohd Khir Toyo for RM3.5 mil in 2007.


Two S&P for the properties were for RM5mil, and a supplementary for fixtures and fittings for RM1.5mil.

Shamsuddin also admitted there were only two resolutions passed to purchase the properties, and not for the supplementary agreement.

The resolutions to purchase the properties were passed on Jan 5, 2005.


Shamsuddin, however, had signed the two S&P to purchase the properties on Dec 23, 2004.

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Offset subsidy cut with productivity: Sabry

Posted: 15 Jun 2011 10:52 PM PDT

KANGAR: Deep sea fishermen can balance the effects of the subsidy rationalisation implemented on June 1 by increasing productivity, said State Agriculture, Agro-based Industry and Cooperatives Development Committee chairman Sabry Ahmad.

He said this was due to the fact that they were being given an incentive of 20 sen per kilogramme of fish as compared to 10 sen per kilogramme for boats not operating in deep waters.

"The increase in diesel price from RM1.25 to RM 1.80 since June 1 is not an excuse to protest and stop catching fish," he told reporters during a visit to check diesel sales to Zone C2 (trawler) boats at the Kuala Perlis Malaysian Fisheries Development Authority (LKIM) complex, near here today.


Accompanying Sabry on the visit were Perlis LKIM director, N. Hashim Ab. Rahman and Perlis Fisheries director, Sukri Deris. -- BERNAMA

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