Making buta money via 1MDB-style land grab concept

Syed Akbar Ali

It's interesting to share an article written by Syed Akbar Ali, published by OutSyed The Box today, regarding how people in power making easy money through transactions of buying and selling land in the interests of their own.

The article reads:

The 1MDB land grab model (curi tanah model really) was very simple. They made the federal government "sell" government land to their crony company for a below market price (RMxx). Crony company then re-sold the undervalued land to third parties at full market valuation (RMyy).  

Crony company made buta money RMyy - RMxx = Untung Besar. A very simple land grab model.

Fast forward to 21st century. 

There is plenty of land that was transferred from the States to the Federal government (going back to the 1980s, and at 1980s valuations). Plenty of this land has remained undeveloped. Today 40 years later the value of those lands must have multiplied 10 times or more.  (For comparison in the early 1980s a double storey terrace house in Bangsar Baru was valued at around RM200,000. Today the same house is worth RM2.5 million).  So there is plenty of undervalued land (or actually land with unrealised capital gains)  lying around.

The States (or some of them) are asking for such lands to be handed back to them - at the same 1980s valuations. Wow!! Lands with potential capital gains of multiple times what they were in the 1980s. 

Wouldnt that be a dainty dish to be set before an MB or CM? 

But what shall be the quid pro quo? 

What shall be the consideration? 

You scratch my back, I will scratch your back. 

Satu untuk kau,   . . . 

And you thought egg shortages and chicken prices were the main items on the menu? There are much larger fish to fry.

The appearance and act on the above video are for illustration purpose only.

End©Permadu


By Fauzi Kadir

Concept/Technicalities/Text Preparation 
assisted by Nazura Othman


Finally edited and brought to you by
Fauzi Kadir CHIEF EDITOR

© 2023 Permadu Harmony Bersepadu
(Semua Hak Cipta Terpel
ihara)
All Rights Reserved 
E-mail: permadu@gmail.com

(DILULUSKAN UNTUK SIARAN OLEH JEMAAH SIDANG PENGARANG

PUBLISHED UPON APPROVAL FROM THE EDITORIAL BOARD  

Comments

POPULAR POSTS from Permadu Malaysia

Beer, khalwat and a hundred other non-halal things

Representing 22,000 lawyers, Malaysian Bar to challenge Pardons Board's reduced Najib's jail sentence and fine

Handsome anak lelaki tunggal Anwar Ibrahim dan Wan Azizah

Singapura Tanam Padi

Kuasa didahulukan, reformasi dikemudiankan – realiti yang akan dilakukan semua perdana menteri

GEMPAR: MUFTI PERLIS TERLIBAT BUNUH AMRI CHE MAT?

Gaji CEO TNB khabarnya berjuta, tapi prestasi GLC itu macam tak sepadan

Jabatan Penjara Malaysia jawab "Abang Mat" mengenai layanan kepada Anwar sebagai banduan

Jika DAP dapat memberi kebaikan kepada orang Melayu, lebih baik dari pemimpin Melayu, apa masalahnya? Kalau...

Dr Rafidah sounds emotional, more like personal grudges