Thursday, May 29, 2008

MB: We’ll have an EGM of Grand Saga soon

The Star : Thursday May 29, 2008


SHAH ALAM: The state government will exercise its right as a stakeholder in Grand Saga Sdn Bhd to call for an extraordinary general meeting (EGM) soon to discuss the Bandar Mahkota Cheras access road issue.

It has a stake in the highway concessionaire through its subsidiary Kumpulan Perangsang Selangor Bhd, which owns 20% of Taliworks Corp Bhd. The latter holds a 55% stake in Cerah Sama Sdn Bhd that wholly owns Grand Saga.

Mentri Besar Tan Sri Khalid Ibrahim said since the state government held a substantial share in Grand Saga, it wanted to inform shareholders of Grand Saga's actions and to ask them to decide if such actions, which have caused problems for residents, were ethical.

He said the closing of the access road and stand-offs with residents in the area had led to them getting hurt, and the state government wanted to put an end to it.

“We will also ask for an audit of the company’s finances to see if it hired thugs to stop residents from removing the barricades, as claimed by residents.

“If this is true, action will be taken against the company officials involved and its director,” he said after chairing the weekly state executive council meeting here yesterday.

He said he had met, and would write to, Works Minister Datuk Mohd Zin Mohamed for an official decision as to whether the company should be allowed to put up the barricades as highways came under the ministry’s purview.

Khalid said the state government also met senior officials from Taliworks Corp, the Public Works Department and the Kajang Municipal Council (MPKJ) yesterday and had decided to seek Malaysian Highway Authority (LLM)’s clarification as to whether it had given its approval for the barricades, as claimed by Grand Saga.

And, if LLM did not, then the state government would immediately order the removal of the barricades, he added.

“The tussle is between the developer (Narajaya Sdn Bhd) and Grand Saga because the concessionaire wants the developer to pay it for loss of income since its toll will be bypassed,” he said, adding that the matter was already in court.

“There is no need to deprive the people of the use of the road because it will be opened, no matter which way the court decides and the issue is only whether the developer will have to compensate the highway concessionaire.”

Khalid urged residents to be patient while the state government worked out a solution.

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