Pro­ce­dures not fol­lowed for pro­posed sale

The Sun (Malaysia) - - NEWS WITH­OUT BOR­DERS -

pre­sented for dis­cus­sion to es­tab­lish its fea­si­bil­ity.

They also said AAM did not get a man­date from mem­bers to dis­pose an im­mov­able prop­erty, as re­quired by its con­sti­tu­tion.

Sub­se­quent to a 90-minute fiery ex­change of views, Tunku Mudzaf­far ad­journed the meet­ing af­ter con­ced­ing that although it was not il­le­gal, pro­ce­dures had not been fol­lowed in the pro­posed sale of the build­ing.

Ear­lier, AAM’s lawyer Shaun Ling told the meet­ing that it was “nor­mal” for a pro­vi­sional agree­ment to be made be­fore ap­proval is given by mem­bers.

How­ever, the mem­bers ob­jected to such a move, say­ing the as­so­ci­a­tion’s con­sti­tu­tion was spe­cific on dis­posal of as­sets.

One mem­ber said: “You have called this meet­ing to le­galise an il­le­gal trans­ac­tion, which is to­tally im­proper.”

To add to its woes, it is learnt that AAM has al­ready used a RM750,000 pay­ment that it re­ceived as earnest de­posit for the sale and if the deal is re­jected, it does not have the means to is­sue a re­fund.

Such were the star­tling facts that emerged at the meet­ing, as mem­bers in­creased pres­sure for the com­mit­tee to step down.

AAM has also not re­mit­ted EPF con­tri­bu­tions for its staff since Novem­ber last year, and an EPF spokesman said le­gal ac­tion has been ini­ti­ated.

The first signs of prob­lems in the 84-year-old in­sti­tu­tion emerged last month when staff com­plained they had not re­ceived salaries for three months. Sub­se­quently, AAM called for the meet­ing yes­ter­day to seek ap­proval to sell the build­ing.

theSun had re­ported last week that AAM had is­sued a let­ter of of­fer on May 3 to sell the build­ing to WWRC Sdn Bhd.

Six days later, it ap­pointed one Yong Sow Wai of Ar­chi­tec­tonic De­sign as “mar­ket­ing agent” for the sale and au­tho­rised the in­di­vid­ual to col­lect monies on its be­half.

The Board of Val­uers, Ap­prais­ers and Es­tate Agents later con­firmed that Yong is nei­ther a reg­is­tered nor pro­ba­tion­ary real es­tate agent, or a ne­go­tia­tor.

It said a let­ter would be sent to both par­ties seek­ing an ex­pla­na­tion.

Our front page story on Sept 27.

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