The sale and purchase of two plots of land and an incomplete bungalow in Section 7, Sham Alam was a deal between a willing seller and buyer.
The seller, Ditamas Director Shamsuddin Haryoni, had acquired the property in 2004 for RM6.5 million.
Ditamas, however, sold the property for RM3.5 million in 2007 to Former Mentri Besar Dr Mohd Khir Toyo, who was charged under Penal Code's Section 165 for allegedly misuse of power to acquire the property.
Dr Mohd Khir claimed that had the seller not agreed on the price quoted, he would have not purchased the property. He added that he had no idea if the price fixed by valuation firm Rahim & Co on the property was similar to prices in the neighbourhood.
Dr Mohd Khir Toyo claimed that the price quoted was justified as the house was inhabitable and incomplete.
In adding that the price was quoted by a qualified valuer from Rahim & Co, Dr Mohd Khir refuted Nasir Ismail's testimony against him, alleging that they had a previous fight over payment.
"He met me many times and asked for payment. I told him he had to complete the work according to my specifications and that I would only pay him then. He was angry with me," said Dr Mohd Khir.
In addition, Dr Mohd Khir denied that he had fixed the property's price at RM3.5 million when he was cross-examined by DPP Abdul Wahab Mohamad.
He disproved the suggestion of Abdul Wahab that Shamsuddin did not agree to the house price of RM3.5 million.
The hearing before Justice Mohtarudin Baki is to resume this 31 October.
Search Property News
Browse News By Category
September 2011 Property News
- MRCA remains positive on retail sector performance
- Bandar Kinrara Phase B41 takes Value Creation Award
- LLCD to showcase developments at Sarbex 2011
- No raise in offer for S P Setia: PNB
- BNM seeking feedback on increasing RPGT
- Jelang Vista launches Phase 2 of Mirage By The Lake
- Malaysia's household debt at manageable levels
- Property stocks underperforming as foreign equity slows
- Middle East investors increasing in Malaysia: IP Global
- Glomac set to launch RM1.2b worth of properties