Dr Mohamad Khir Toyo’s palatial home and land do not cost RM6.5 million, the former Selangor Mentri Besar’s corruption trial was told today.
Professional valuer Iramy Ahmad, 48, testified that the market price for the mansion valued by his firm Irhamy & Co in 2005 was RM4.3 million.
“As a valuer, I feel that RM6.5 million is too high, it is not a reasonable price. The cost does not equal the value,” he told the court today.
He was asked by defence lawyer Datuk Jahabardeen Mohamed Yunoos whether he agreed that RM6.5 million was a “reasonable” price for the home as well as the plots of land.
Dr Mohamad Khir (picture) is alleged to have obtained for himself and his wife two lots of land and a house at No. 8 and 10, Jalan Suasa 7/1L from Ditamas Sdn Bhd through its director Shamsuddin Hayroni.
The property was purchased at RM3.5 million although Ditamas had bought it for RM6.5 million on December 23, 2004.
The transaction was alleged to have been made when Dr Mohamad Khir knew that Shamsuddin had ties with his official duty as the Selangor mentri besar then.
Dr Mohamad Khir, the state assemblyman for Sungai Panjang, is alleged to have committed the offence at the official residence of the Selangor mentri besar at Jalan Permata 7/1, Section 7 here on May 29, 2007.
Defence lawyers have previously pointed out that Shamsuddin had purchased the properties through his company above the market value of RM4.3 million that was estimated by valuer Irhamy & Co back in 2005.
Deputy public prosecutor Mohd Dusuki Mokhtar later said that Iramy’s testimony was just a “personal opinion” and that different variables could be used to assess the value of the mansion and land.
The trial resumes later this afternoon.
Wow! First time i hear in Malaysia property price drop by 50% in between 2004 to 2007. Not yet 2008 economic crisis, value already drop 50%.
I wonder how many other properties purchased by Khir or his family members were "valued" were valued by Irhamy Ahmad. In 2004, a 3,000 sq ft standard semi D in Shah Alam was sold at almost RM1.8 million and this professional valuer can claim Khir's monstrous mansion was worth RM4.3 million. What utter rubbish!!!!
This case of this Selangor MB should open the eyes of the people of Selangor . This MB during his days as MB.... often gave the impression that in his state everything is fine...."semuanya ok ". Now Umno Baru/BN says they have to take back Selangor by any means, for the benefit of the people of Selangor . You cannot fool all the people all the time.
Some way or some how, Dr Hidung Besar will let off from the hooks. His misconduct is just a tip of an iceberg along with his cronies. If Dr Hidung Besar is convicted, all hell will break lose for BN. This is no good for the coming GE 13.