10 May 2008

BMC and Grand Saga Sdn Bhd

500 Bandar Mahkota Cheras were doused with water cannons and fired with tear gas yesterday. They were protesting against the highway concessionaire Grand Saga Sdn Bhd which was in the midst of erecting a concrete barrier, for the third time, aimed at thwarting the BMC residents from entering the intersection and thus bypassing a toll booth on the highway. This resulted in commuters having to travel an additional six kilometers and pay Grand Saga 90 sen toll for every trip.

What is the Selangor Pakatan Rakyat government doing? They should be jumping out to champion the cause of these residents. Where is Tan Sri Khalid Ibrahim?. He has been missing in action throughout this whole episode and unreachable up to now. Don't they have the authority to demand the police to cease their actions and order Grand Saga to get out? Why don't they order Majlis Perbandaran Ulu Langat to dismantle the barricade as it is under their jurisdiction and within Selangor state land?

The Selangor PR government was voted in to protect the rakyat's interest. So far they have renegaded in some of their manifestos. Now they are showing their true colors.

Strangely, why is the authorities seems to be protecting the rights of a few shareholders of Grand Saga rather than the rights of thousands of BMC residences?

Let us see who are the Directors of Grand Saga Sdn Bhd:
  • Ahmad Ishak Haron
  • Chee Lean Thong
  • Zainal Abidin Ali
  • Datin Lee Li-May
  • Dato' Wan Puteh Wan Mohd Saman
  • Minhat Mion
  • Lim Yew Boon
see in their website here

In FY1999, the first year of tolling, revenue was RM22.55 million and net profit was RM9.23 million.
In FY2000, revenue and net profit was RM26.8 million and RM6.05 million, respectively.
In FY2001 and FY2002, revenue was RM29.05 million and RM30.84 million, respectively, while net profit was RM12.05 million and RM10.62 million in the respective years.
Grand Saga registered a revenue of RM57.84 million for the financial year ended Dec 31, 2004, with a net profit of RM6.47 million.
This was sharply lower than FY2003's revenue of RM68.56 million and net profit of RM27.61 million, as Grand Saga recognized a portion of the government's compensation in its income statement in FY2003.
Grand Saga registered a revenue of RM57.84 million for the financial year ended Dec 31, 2004, with a net profit of RM6.47 million.

The report shows that even with the access road, the Grand Saga Sdn.Bhd. company has been making millions of ringgits from the tolls and even enjoys very generous compensations from the Federal Government since toll collecting operations in 1999.

What can be concluded is that, this company is just plain greedy!

They do not care about the people of Cheras. All they want is to make sure that they cut off access to the side road leading to the Bandar Mahkota Cheras township and force the residents to pay toll before entering or leaving their homes till 2027!

Pak Lah should interfere and show that he still really cares about the rakyat.


Anonymous said...

Aku pun rasa tersangat tertipu dengan kerajaan pimpinan Tan Sri Khalid. Dulu sebelum PUR 12, kemain lagi berjanji bermacam macam nak tolong rakyat, tapi bila dah duduk kerusi empok, semua tidak diendahkan. Mereka lupa, 4 tahun lagi rakyat akan tukarkan mereka semula. Baru padan muka.

zack said...

I did mention in one of my articles, that the PR government will probably not honour their manifestos. That was a month back. Last week Tan Sri Khalid annouce that the 20% discount on quit rent will not be given. They are all bullshitting us.