PKFZ for the layman like you and me....

with thanks to : 


Pearls & Gem

'AT last count the PKFZ scandal stood at 12.5 billion RM. It started with 2 RM psf secured from poor Malay fishermen and farmers in Pulau Indah, sold to Government of the day at inflated price of 25 RM psf , and if you think that is already bad enough, finally after extrapolating and computing future interest and loss and what not, finally settled at a whooping 50 RM psf '

If one visit the scene of the crime now one can see acres and acres of huge buildings build at 5 times inflated price for 'god knows what function'

steadyaku47 comment: 

The above is the most graphic description of what PKFZ is all about! 

Thanks Pearls and Gem.