My 15th question to Zambry – Why did ATP pay RM20M for the Lake Coaster without installing it?

The Special Internal Audit Report on MAPS in section 4.4.1 stated that the proposed delivery of Lake Coaster as per supplementary contract no. 2 has not been properly completed by SDGM.

The non-materialization of the second part of the supplementary contract no.2 (installation of Lake Coaster) has caused the installation phase to be stalled.

Why did Zambry allow ATP to pay RM20M for the Lake Coaster without any agreement to install it? It is beyond anyone’s understanding that such huge amount could be paid just for the Lake Coaster without installing it.

It is insane and foolish for Zambry to allow ATP to pay this staggering amount of money to SDGM without installing it. As of the date of the audit, there was a plan to sell of the Lake Coaster however no genuine buyer could be identified.

The audit report also concluded that ATP may need to record a few Million in losses even if it manages to find a buyer as the condition of Lake Coaster has been deteriorated gradually over the time.

I urge Zambry to explain the decision to allow ATP to pay RM20M for the Lake Coaster without installing it.

Media Statement by Chairman of the Audit Committee Perak Corporation Berhad and Keranji State Assemblyman Chong Zhemin on 7 April 2019.