Penang Development Corp cooperating with police in MBI probe

GEORGE TOWN: Penang Development Corporation (PDC) will cooperate with Bukit Aman's anti-money laundering division on the investigation into the Mobility Beyond Imagination (MBI) investment scheme, says Chow Kon Yeow. The Penang Chief Minister said the Bukit Aman special task force visited PDC as part of a broader nationwide investigation into the MBI investment scheme. "This visit was...

Penang CM defends sale of PDC land via direct negotiation

GEORGE TOWN: The state government has defended the sale of Penang Development Corporation (PDC) land in Byram to a private company, which was conducted via direct negotiation. Chief Minister Chow Kon Yeow said the sale of land was done with full diligence and the price determined based on its existing condition. "Since the involved land is still...