According to a blogsite which has since been blocked and/or attacked, Ahmad Ismail is involved in Penang’s PORR project which has been shelved by the EPU in PM’s department indefinitely.
Briefly, Ahmad owns 30% of Cedar Heights which owns 85% of Nadi Senandung which in turn, owns 55% of Peninsular Metroworks. Yayasan Bumiputra Pulau Pinang owns 34.78% of PMW via Kumpulan Perhubungan (34.5%) and Kumpulan Pinang (0.28%).
According to Malaysianunplugged:
‘Major shareholder, Nadi Senandung is principally controlled by Datuk Ahmad Ismail via a dormant company, Cedar Heights Sdn. Bhd. (267289-U). From the web of ownership structure and list of directors, it has confirmed DAP's allegation that the PORR project is a classic example of Umno's crony capitalism. Peninsular Metro-Works Sdn Bhd, would be given not just the profitable toll collection for 30-years, but also properties belonging to Penangites amounting to 31 hectares of prime Penang State land (why?). It would also gained 202 hectares of reclaimed land off Gurney Drive. The value of the total package? It's approximately RM5 billion, not just the RM2 billion we've been led to believe.’
I can imagine how let down he must have felt by the fall of Penang into Pakatan Rakyat, which made the cosy arrangement impracticable to carry out.
If this was the true reason for his arrogant and combative stance, then we are assured that he and his henchmen are not representative of the feelings of the Malay grassroots as claimed.
Government fed by the people
Career options
I suggest government... because nobody has ever been caught.
Corruption so prevalent it affects English language?
Corruption is so prevalent it affects English language?
When there's too much dirt...
We need better tools... to cover up mega corruptions.
Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)
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