Penang Chief Minister Lim Guan Eng has clarified that he knew full well that the bungalow he purchased had a market value of RM4.2mil.
He refuted news reports that highlighted his ignorance of the market value of the property, saying that the facts had been distorted.
Lim said that when he opened his house to the media for a tour after the controversy came to light, a reporter had asked whether he knew that the property was valued at RM6.5mil as claimed by Umno leaders.
“I knew the property’s value was RM4.2mil.
“What I said I did not know was how Umno leaders managed to value my house as RM6.5mil because I am a chief minister, not a property agent,” he said before attending a dialogue session with Johor DAP members here on Saturday.
The DAP secretary-general also dismissed claims that he was ignorant of the market value as he had paid the bungalow’s stamp duty which was reported to be some RM122,000.
He said the whole incident was Umno’s character assassination of him to shift focus from the 1MDB controversy, RM2.6bil political donation and the RM100mil embezzlement case in the Youth and Sports Ministry.-thestaronline
