Would you pay rental to yourself to use property that you already own for years – and have already long fully paid for at that?
That is exactly what Putrajaya is doing, having paid some RM5.77 billion in rental over the past two-and-a-half years to use 186 land parcels it already owns. And it will continue to pay another RM23.4 billion in total over the next 12 years or so.
Read more here: http://www.malaysiakini.com/news/297927
Putrajaya’s dodgy dealing to raise billions in secret
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FREE KINIBIZ How did this wholly owned gov't company amass a RM26bil debt pile?
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