Utusan Malaysia reported that the condo units, all located in Kuala Lumpur, were purchased — without any down-payment –from five “rogue” developers who had business dealings with DBKL.
On Tuesday, the Malay daily had reported that the Malaysian Anti-Corruption Commission (MACC) had identified several DBKL personnel who were working in cahoots with developers to make “easy money”.
The men reportedly bought properties without down-payment from certain developers and signed Sales and Purchase (S&P) Agreements, only to resell them to genuine buyers at much higher prices later, to make “easy money”.
The “Datuk Seri” had also used a similar method to make money, said the report.
According to a source, the man had bought all the 31 condominiums for between RM200,000 and RM300,000 each under his own name and those of his relatives.
“The suspect signed S&P agreements for all the properties, without paying any down-payment.
“Once the units were completed and certified to be occupied, the suspect sold the units for more than RM500,000 each, and made easy money,” the source said.
The daily said MACC Director of Investigations Azam Baki had confirmed the matter.
Yesterday, Azam was quoted as saying that the MACC was currently in the midst of collecting documents and evidence against rogue DBKL staff who were involved in the “scam”.
The “Datuk Seri” was one of three senior civil servants nabbed by the MACC last week, for alleged graft. Millions of ringgit in cash and valuables were seized following their arrests.