KINIBIZ PKR director of strategy Rafizi Ramli has denied interfering in Selangor’s water restructuring negotiations and seeking payouts from private water concessionaire Syarikat Pengeluar Air Selangor Splash).
“There have been wild allegations directed at me and (opposition leader) Anwar Ibrahim, accusing us of interfering in Selangor’s water restructuring negotiations and trying to get commissions from water concessionaire Splash,” said Rafizi in a media statement.
Splash is the remaining concessionaire to still stall on a deal with the state government led by Menteri Besar Abdul Khalid Ibrahim. Splash has been adamant that Selangor’s last takeover offer of RM250 million falls well short of their net asset valuation (NAV) of RM2.5 billion.
Splash is 40 percent owned by Gamuda, 30 percent by Kumpulan Perangsang Selangor (a unit of Kumpulan Darul Ehsan Bhd or KDEB) and 30 percent by The Sweetwater Alliance, a company controlled by well-connected businessman Wan Azmi Wan Hamzah.
Splash operates, among other things, the Sungai Selangor Dam which supplies approximately 60 percent of treated water to Klang Valley.
Rafizi hit back at his critics by highlighting Selangor state government’s decision to pay RM1.6 billion compensation on equity to Puncak Niaga executive chairman Rozali Ismail in the water takeover.
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