Updated: Hong Kong investors in Balik Pulau's mega project pull out - NST, 16 Jan
Smell a rat? The Malaysian Anti-Corruption Agency,which is being "fortified", should go in where these foreign investors have allegedly pulled out. We can't let a RM75 billion question left unanswered. Lim Guan Eng can't just brush the consultant's claim as if it was nothing; the consultant, too, can't be allowed to make claims without substantiating them. At stake is the nation's reputation as an investment destination.
The Malay Mail's front page report today says "the (Penang) state government had a lot to be worried about following the expose of the RM75b mixed development project in Balik Pulau".
The newspaper was quoting a consultant for the developer of the project after Lim Guan Eng, the Penang chief minister, said the project "simply does not exist".
RM75 billion is a big, big number. Lim can simply claim that "parties were trying to smear and attack the Penang state government". But is that a fact?