SHAH ALAM (Sept 10, 2012): Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim has rubbished claims that the state-owned Universiti Selangor (Unisel) had incurred RM54.8 million in debt.
The debt was reported in the university's 2011 financial audit report.
Abduk Khalid said the 2011 financial audit report had not been 'adjusted' and 'finalised' to reflect the true nature of the accounts.
He said the report was supposed to be finalised in June but several accounts could not be 'adjusted' and recalibrated.
According to Abdul Khalid, the report would be 'adjusted' and 'finalised' by Unisel's board at its next annual general meeting and independent auditors would be called to help with the re-adjustments of the complicated accounts.
"When we took over the asset, (in 2008) we didn't just take over the asset, we had to take into account all the debts, repayments and all. So that is why I have asked for a re-auditing to take into account the takeover of the Unisel operations.
"If the assets were taken over, then the cost to be borne will be reduced," he said in a press conference after attending the state civil servant monthly assembly at the state secretariat building today.
Abdul Khalid said that the state government was ready to face allegations from anyone, including Selangor Umno deputy chairman Datuk Seri Noh Omar, about the issue.
"If Noh wanted to release the 'unfinished' account, we are not afraid because the state is trasparent. It might be because he (Noh) did not understand about the cost. He never did the (corporate) exercise like I did in Permodalan Nasional Berhad and Guthrie. When we took over the company, we also restructured the whole company," he said.
Noh claimed that the report showed Unisel had sustained losses in the past three years with a deficit of RM1.63mil in 2008, RM13.55mil in 2009 and RM39.68mil in 2010.
He said the 2009 and 2010 financial audit reports were signed by Abdul Khalid in August 2011.
LA: stop prentending from the facts.
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