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Cops: Directors to be quizzed over accounts
The Star 21/10/2004

PENANG: The directors of a housing development company which failed to show property owners the audited accounts for their common fund totalling RM6.1mil will be called up for questioning soon.

Penang CID chief Senior Asst Comm II Syed Ismail Syed Azizan said the case, classified as criminal breach of trust, was being handled by the state commercial crimes branch.

“More than 180 property owners lodged police reports at the Sungai Nibong police station between last Thursday and Tuesday. They were unhappy over the company’s failure to come up with an audited account of the fund.”

Those who lodged reports included property owners in four projects at Bukit Jambul Court, U-Garden Resort, N-Park Resort and Sunny Point commercial complex.

The four projects, which have 2,194 condominium units and 70 shoplots, are developed by the subsidiary companies of Penas Group of Companies and managed by BHL Property Consultants.

Bukit Jambul Court residents spokesman Tian Toh Kok had said that the project’s 804 property owners paid RM2,000 each into a common fund six years ago upon delivery of vacant possession of their units. To date, they had yet to be shown the fund account.

An official with BHL Property Consultants had claimed that only about 70% of property owners had settled their maintenance charges and that the common fund had to be used to maintain the condominium and complex facilities.

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