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Tuesday, November 15, 2011

Will Dr M take the stand tomorrow?

The prosecution will be calling its final witness in the trial of former Transport Minister Ling Liong Sik tomorrow, the Kuala Lumpur High Court heard today.

NONEHowever, lead prosecutor Tun Abdul Majid Tun Hamzah has refused to confirm if the witness will be former Prime Minister Dr Mahathir Mohamad.

When approached today, Majid merely said that the press will have to wait until tomorrow to identify the witness. The prosecution had previously said that it intends to call Mahathir to the stand.

Among others, the prosecution had told the court that it wanted Mahathir to clarify a letter from Ling dated June 29, 2002 which urged the government to approve the Port Klang Free Zone land deal, which was being delayed.

Ling, 68, is facing a cheating charge for failing to disclose to cabinet an additional interest rate of 7.5 percent per annum on the purchase price of the land for the PKFZ project.

azlanThe land had been fixed at a price of RM1,088,456,000 by the Valuation and Property Services Department (JPPH) based on RM25 per square foot, inclusive of the coupon and interest rate.

He also faces two alternative charges of cheating and intentionally omitting from telling the cabinet that the 7.5 percent interest per annum was an additional rate on the land price.

The offences were allegedly committed at the fourth floor of the Prime Minister’s Office, Perdana Putra building in Putrajaya, between Sept 25 and Nov 6, 2002.

The trial began on Aug 1, 2011 with 24 witnesses been called thus far.

LPK not able to repay RM4.6billion soft loan

Meanwhile, Port Klang Authority (PKA) finance manager Adnan Adidin, 39, told the court that PKA had difficulties repaying its soft loan from the federal government.

He said, a total of RM4.6 billion was allocated to PKA for PKFZ project in June 2007, with first repayment of RM82.4 million made beginning middle of this year.

"We are only able to repay for two years, which is 2011 and 2012. We had appealed to Ministry of Finance, for a favourable term (of repayment), but (this has) not yet (been) approved,"he said.

According to the witness, LPK need to pay RM199 million in 2012, and RM169 million in 2013. Adnan joined PKA since in 1997.

The trial adjourned until later this evening, with Minister in the Prime Minister’s Department Nor Mohamed Yakcop to take stand.

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