Selangor MB to direct SADC to give Noh Omar Audit report copy
SHAH ALAM, March 4 — Tan Sri Abdul Khalid Ibrahim will direct the Selangor Agricultural Development Corporation (SADC) general manager to send a copy of its audit report to Datuk Seri Noh Omar to enable the agriculture and agro-based industry minister to scrutinise.
The Selangor menteri besar said he would do that in response to Noh’s statement questioning the corporation’s financial resources which had risen in three years, from RM8.3 million in 2008 to RM114 million last year. According to him, SADC’s accounts were audited by a group of professionals since 2008, when the state government adopted the private sector accounting system.
“The accounts are done systematically, according to accounting standards,” he told reporters after attending the appointment of a local youth organisation chairman here today.
On Noh’s claims that RM97 million of SADC’s funds were derived from the sale of 12,000ha of land in Sarawak, Abdul Khalid explained there were two ways by which a corporation could acquire profit. “From sale, it is called ‘extraordinary profit’ and from operations,
‘operational profit’. The previous state government did protest against SADC’s proposal to sell the land at RM97 million as it considered the price as too low,” he said.