I have more questions for Dato Seri Dr Mohd Khir Toyo, Selangor Menteri Besar, to answer over the sale of Perangsang International Sdn Bhd (PISB) to Tajuk Modal Sdn Bhd for RM2.00 on 19.7.2004:-
(a) Why did Kumpulan Hartanah Selangor Bhd (KHSB) through SAP Holdings Berhad (SAP) which directly owned PISB decided to sell PISB, which possessed a Class A contractor license, to Tajuk Modal Sdn Bhd bearing in mind that Tajuk Modal was only incorporated on 23.3.2004, less than 4 months before it acquired PISB on 19.7.2004, and had an insignificant registered capital of RM100,000.00 and a paid-up capital of RM2.00 only?
(b) What made KHSB think that the RM2.00 Tajuk Modal owned by 2 unknown Chinese men were able to absorb the liabilities of over RM 7 million accumulated by PISB as at 31.12.2003?
(c) What made KHSB think that Tajuk Modal could absorb the estimated losses suffered by PISB in the Matrade Building project as much as RM33 million as at 15.7.2004 as disclosed in the sale and purchase agreement of PISB?
(d) Why did the business address of PISB remain at Lot 1A, Level 1A, Plaza Perangsang, Shah Alam, the address of all the companies under Kumpulan Darul Ehsan Bhd, the holding company, after the disposal of PISB although its registered address had been changed to Kuala Lumpur?
(e) Why did SAP remain the sole shareholder of PISB holding 14.5 million shares in PISB/Tajuk Construction after its alleged disposal to Tajuk Modal for RM2.00? Does it mean that it was a only scam and that there was no sale at all?
We need an answer from Khir Toyo.