Project to fight poverty halted because developer won't make Khalid its chairman. In other words, The Malay Mail's front page today accuses Khalid Ibrahim, the Menteri Besar of Selangor, of blackmail: if the Yayasan Basmi Kemiskinan does not make him its new chairman, it must stop work on the RM300 million project to build a university campus for some 5,000 students. That's so damning. Khalid will be damned if the accusation is true.
For the newspaper, it's published-and-be-damned even if it has the proof to back its claims against Khalid. Read the story online h e r e.
The developer or concessionaire YBK (foundation to eradicate poverty) is 20 years old. It's a non-governmental organisation, which is why it is not chaired by a politician. Its job is to undertake economic/development programs to benefit the poor. According to The Malay Mail, the Serendah project would bring in over RM1 billion in revenue for the Foundation over the next 20 years.
Why does Khalid demand to be Chairman of YBK? Is it because of the project (RM300 mil), the revenue, or YBK's landbank? The MB needs to speak up quickly, and convincingly.