PENANG Development Corporation (PDC) has initiated legal action against a former member of its Board of Directors regarding a matter concerning the development of the Batu Kawan Industrial Park 2 (BKIP2) (Phase One).
Chief Minister Chow Kon Yeow said the Penang government takes seriously the allegations that the state and PDC had wrongly signed a land sale agreement with Umech Land Sdn Bhd.
“PDC has taken the legal action after receiving a mandate from the PDC Board and a Notice of Claim was issued on May 8 this year.
“Furthermore, PDC’s lawyers are currently filing a lawsuit in the Penang High Court against this individual.
“Meanwhile, legal action against The Edge’s report is under review by PDC’s lawyers, and appropriate steps will be taken in due course,” Chow said in his winding-up speech during the State Legislative Assembly session today.
PDC, in its statement on Oct 17 last year, announced the termination of a joint venture agreement with Umech Land Sdn Bhd to develop BKIP2 (Phase One).
Story by Christopher Tan