Gerakan has refuted Penang Chief Minister Lim Guan Eng’s denial that the accumulated state surplus of RM574 million since DAP took over the state in 2008 was due to land sales.

The party’s secretary-general Liang Teck Meng said in a Facebook posting today that he read Lim’s denial yesterday with “disbelief”.

He noted that in recent months, Lim had disclosed in the State Assembly that state agency Penang Development Corporation had sold at least RM1.94 billion worth of land, while the state government had sold RM760 million.