Editors Note: Public Accounts Committee (PAC) member Sim Tze Tzin issued an apology on his X account at about 7.17pm on June 12 saying he realised factual errors in his earlier tweet.
KUALA LUMPUR: The Tok Senik Village in Langkawi is being auctioned by the Finance Ministry after the luxury resort allegedly suffered a huge loss of RM250 million.
The matter was informed by a member of the Public Accounts Committee (PAC), Sim Tze Tzin, who inspected the resort with other committee members earlier today.
"A beautiful traditional Malay resort, but closed due to huge losses amounting to RM250 million.
"Currently in the auction process by MoF Ministry of Finance). PAC will examine governance issues as reported in the Auditor General's report," said Sim, who is also a Bayan baru member of parliament, on X.
The AG Report 2022 previously revealed that the Langkawi Development Authority (Lada) had failed to collect RM8.30 million from the resort lease since 2003.
The PAC then submitted five recommendations in March to MOF and Lada to resolve the lease issue involving the resort as well as St Regis Langkawi Hotel.
The recommendation was issued after the PAC called a number of witnesses on Nov 30 2023 and Dec 13, 2023, including the secretary-general of Treasury Datuk Johan Mahmood Merican, deputy secretary-general (investment) Datuk Dr Shahrazat Ahmad and deputy chief executive officer of Lada Wan Kamarul Faisal Wan Camardi.
Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor had previously said the land of the luxury resort is still owned by Lada and was never leased to anyone.
Sanusi, who is also the co-chairman of the Lada board of directors, said the resort, which has been operating since 2016, has not been completed due to governance problems when the project was first developed.
