BN must reveal all on MMC's bid to privatise KTMB

BN Selangor coordinator Mohd Zin Mohamed should expose details of Malaysian Mining Corporation's (MMC) bid to privatise Keretapi Tanah Melayu Bhd (KTMB), challenged Selangor Menteri Besar's political secretary Faekah Husin.

"As KTMB chairperson, Mohd Zin needs to raise the awareness of Selangor's people by revealing the terms and conditions imposed by the federal government to ensure that KTMB's properties and assets worth over RM50 billion, does not fall into private companies," she said in a statement yesterday.

She said this in response to Mohd Zin's continued questioning of the state governments debt recovery exercise with Talam Corporation, despite independent auditors finding the deal above-board.

Faekah (left) argued that if Mohd Zin is truly wants to safeguard the people's interests, he should look into the KTMB takeover instead of attacking the Talam issue.

"What is certain is that the transaction (between KTMB and MMC) would only profit certain companies and individuals at the expense of the people of Selangor.

"We all know that the takeover proposal is just one of Syed Mokhtar al-Bukhary's (who controls MMC) efforts to accumulate land for his company, as he had done to Pos Malaysia via DRB Hicom," she claimed, adding that the deal was done though direct negotiation.