Has 830-acre TAED Land Been Pawned To China? Junz Wong Raises a Poser

Junz Wong and Uda Sulai at the Sunday press conference in Kota Kinabalu, where they raised the possibility that the land meant for TAED had been used as collateral for a hybrid loan from China.

By BORNEOTODAY REPORTERS
KOTA KINABALU: Our beloved Tanjung Aru beach – all 800 acres of it – has allegedly been pawned off to communist China for a hybrid loan of RM3.6 billion, according to a letter that has fallen into the hands of Junz Wong, the Parti Warisan Sabah candidate for Tanjung Aru.

On Sunday, Junz told a press conference that due to the seriousness of the allegations, he wanted Musa Aman, the caretaker Chief Minister as well as Najib Razak, the caretaker Prime Minister to admit or deny if it was indeed true that the land, meant for the controversial Tanjung Aru Eco Development project is true.

He said he could not ascertain the authenticity of the letter which he claimed was passed on to him anonymously, and that as a concerned Sabahan, he wanted the government to and authorities concerned to provide the people the answers.

“A simple yes or no is all we need,” said Junz. “This is a very serious matter if indeed the letter is authentic, as we might end up losing our heritage. Such issues were never properly explained to the people in the first place.”

 

He said that after he came into possession of the letter, he asked friends to have it translated so that he could better understand its contents.

“It would seem to me that the governments of Malaysia and Sabah, has agreed to use land that is meant for TAED, which has been valued at RM3.6 billion, as collateral for Hybrid term loan from China.

“Based on its contents, the Ministry of Finance (federal) is the guarantor and it was agreed that a four-percent interest be charged.

“Apparently, the Board of Directors of TAED, comprising mainly civil servants, have also agreed to the deal and given their stamp of approval.

“I would like to ask Musa in particular, and also Najib, if this is true.”

File photo of an artist impression of the controversial Tanjung Aru Eco Development.

According to Junz, while it may seem like a normal business transaction, the implications were serious, as if the borrowers fail to repay the loan, China can then come in and take over the land, which Sabahans especially those in Tanjung Aru, have enjoyed for decades.

He also said that one must understand the way China likes to do business; they are very free with their loans, but when defaulted, they are also quick to act, and from experience, have taken over much land in foreign countries like Jamaica, Sri Lanka and several others in the African continent.

Junz, also claimed that when a China company takes over any project, they would bring in their own workers, while procurement of materials will come from China, while only a tiny part will benefit Sabahans.

“The terms and conditions of TAED will no longer be the same. China will never allow Sabahans to go to Tanjung Aru again,” stressed Junz who frequently remarked that he was not making any allegations against anyone, but just asking an honest question.

In the presence of Uda Sulai, the Warisan candidate for Petagas, the duo acknowledged the fact that tourism is one of the pillars of the state economy.

“We are not against development for the greater good of the economy that will benefit the state , its people and the environment, but it must not be done at the expense of the state, people and the environment.

“With the revelation of these documents, I want Musa and other officials to come clean as they owe Sabahans a big explanation. There is every possibility that we could lose a piece of our heritage to a foreign country and this is serious matter,” he pointed out.

Junz added that if a loan was indeed needed, why didn’t the State government and TAED charge the land to a consortium of local banks?

“At least in the event of default in repayment, the land will still be in Malaysian hands and not foreigners,” he added.