The latest in that tragic tale is that the CEO of developer Battersea Power Station Development Company (BPSDC), who has been fired, alleged that it was done because the company had effectively overstated the value of its assets by a “few hundred million pounds”
It should be noted that, in 2013, when the project was announced, it was supposed to have been finished by last year. Looks like it's still alive and kicking - hard.
That should set sirens screaming louder than Prime Minister Anwar Ibrahim’s motorcade in Malaysia because not only is Battersea a major problem child, delivered by Malaysia’s property icon and SP Setia founder Liew Kee Sin no less, it involves big names in fund management and property.
The entire development was worth a whopping...