No 1MDB land in Penang, says Chow

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Penang chief minister Chow Kon Yeow previously said his government had placed a Registrar’s Caveat or a block on all transactions on the said land on July 18, 2018.

GEORGE TOWN: No plot of land in Penang is registered to insolvent state fund 1MDB, chief minister Chow Kon Yeow said, citing current land administration records.

“Checks show that no land here is registered under 1MDB,” he said in a brief reply to Lee Khai Loon (PH-Machang Bubok) in the state assembly.

Lee had asked about the status of three lots of land measuring a total of 95ha purportedly belonging to 1MDB, and if the federal government had found a win-win solution over the matter.

Previously, Chow had said his government had placed a Registrar’s Caveat or a block on all transactions on the said land on July 18, 2018.

Two of the lots are in Paya Terubong, measuring 18ha and 15ha respectively, while the Air Itam land measures 61ha, FMT had
previously reported.

A Registrar’s Caveat is a provision under Section 319 and 320 of the National Land Code which is aimed at preventing fraud or improper dealing and to protect the interests of the federation, among others.

In 2018, 1MDB had wanted to change the ownership of the said land, as the company had been renamed from 1MDB RE (Ayer Itam) Sdn Bhd to Ayer Itam Properties Sdn Bhd.

But it never took place because of the caveat placed on the land.

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