Deepak Jaikishan said today he was forced to sell his property development firm to cover the losses incurred in a deal with the Selangor Wanita Umno chief that went sour.
The controversial businessman withdrew his lawsuit yesterday against Putrajaya for an alleged breach of agreement over land in Bukit Raja, Selangor on the same day a unit of a government investment company reported it bought an 80 per cent stake in the carpet dealer’s property development firm for RM30 million.
The controversial businessman has made various allegations about the deal that involved Selangor Wanita Umno chief Senator Datuk Raja Ropiaah Abdullah, but has disappeared since December 13.
In a text message to the media today, he said that “it is true my shareholders and me have sold our shares.
“My shareholders & me have sold our shares in Asta Canggih for RM30 million which is our actual cost price. RM13 million (for) Raja Ropiah, RM8 million political contribution, RM7 million financial cost, RM2 million legal & miscellaneous cost, as this ultimatum was forced upon us,” he said.
Deepak (picture) had, through his lawyer, withdrawn his suit without costs in the case of his company Astacanggih Sdn Bhd, which named the government’s Syarikat Tanah dan Harta Sdn Bhd, Awan Megah (M) Sdn Bhd and its nominee company, Cebur Megah Development Sdn Bhd, for allegedly breaching the agreement.
Awan Megah defence lawyer Datuk Saseedharan Menon said written submissions had been tendered to the Kuala Lumpur High Court and trial judge Justice Mohd Zabariah Yusof had discussed the matter with both parties in chambers yesterday.
In the statement of claim, Astacanggih alleged that Awan Megah agreed with the company that the government and Syarikat Tanah dan Harta had agreed to transfer the Bukit Raja land to Cebur Megah.
It said the transfer would be implemented within a month after Astacanggih had submitted the land bond to the government. But it was never done, said Deepak, who shot to fame for his role in arranging private investigator P. Balasubramaniam’s second sworn statement about the 2006 murder of Mongolian national Altantuyaa Shaariibuu.
In its counter-claim, Awan Megah sought a declaration that Astacanggih had repudiated the letter of agreement.
Meanwhile, Bernama reported that a unit of Lembaga Tabung Angkatan Tentera investment vehicle Boustead Holdings Bhd has acquired an 80 per cent stake in Astacanggih Sdn Bhd for RM30 million.
In a filing with Bursa Malaysia, Boustead said its wholly-owned unit, Bakti Wira Development Sdn Bhd, acquired the shares from Prestige Dimension Sdn Bhd and other minority shareholders of Astacanggih on December 20.
Bakti Wira Development and Astacanggih also signed an agreement with Awan Megah yesterday to acquire 80.94ha of freehold land in Klang, Selangor, for RM130 million.
Boustead said the share purchase and land acquisition would be funded via bank borrowings and internally-generated funds, according to national news agency Bernama.
On the rationale, Boustead said the acquisition would present an opportunity for the group to expand its land bank.
Where's Deepak profit and reimbursement of his cost? Something fishy here! U mean Deepak got the land for free? Or He's an nominee/ conduit? Base on the distribution, is there any profit? No payment for RPGT? Need to dig further!
Smart Tee Yong please comment on this case if you have the courage to do so
Has this nation been sold?
Our government is so corrupted that a 40 year old carpet seller can hold it to ransom. Our soldier boys pension is being used to bail out UMNO cronies..
Has our army lost its dignity...?
If this is true, it is not a wonder why ordinary people in Malaysia are suffering from high prices of goods, house, etc.
RM8 million political contribution???? What is exactly this RM8 million political contribution? To who?
Final cost to do business is more than 3 times the actual cost!!!
If this is true, it is not a wonder why so many household items of the same brand can be sold at cheaper price in Singapore compared to Malaysia. People here are actually paying multiples more for political contribution. Bravo, excellent schemes. Rakyat diperkudakan.