Failure to complete a land-ownership agreement between the Langkawi Development Authority (Lada) and INR Sdn Bhd for the St Regis hotel on the island resulted in a loss of RM3.19 million in uncollected land-lease payments.
Perjanjian yang tidak dimeterai antara Lembaga Pembangunan Langkawi (LADA) dan INR Sdn Bhd berhubung hak milik tanah Hotel St Regis Langkawi menyebabkan LADA tidak dapat mengutip hasil pajakan berjumlah RM3.19 juta.
The A-G’s Report 2022 (Volume 1) released recently had found Lada’s performance unsatisfactory, including its failure to reach its targeted revenue in addition to weaknesses in the management of land leases.
Parliament’s Public Accounts Committee (PAC) has summoned the Finance Ministry to provide testimony on issues uncovered by the Auditor-General’s (AG) Report 2022 (Volume 1) regarding the Langkawi Development Authority (Lada).
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