Selangor BN has questioned a RM500 million loan taken out by a subsidiary company of Selangor state-owned Darul Ehsan Investment Group (DEIG).

Sungai Panjang state assemblyperson Budiman Zohdi claimed DEIG Land had taken out the RM500 million loan just two months after being set up on May 19.

He added that when DEIG Land was first set up, it only had two members on the board of directors.

"This was despite Selangor Menteri Besar Azmin Ali informing the state assembly that DEIG and its subsidiaries are not yet operational," he told a press conference at the Selangor state assembly lobby today.

In August, Azmin told the state assembly that DEIG was not operational and therefore had not conducted any activities following opposition to the company, including those from within the government's ranks.

Azmin had planned to consolidate the assets of Menteri Besar Incorporated (MBI) under DEIG, but concerns were raised that this might reduce transparency as unlike MBI, DEIG is not a statutory body and will have less oversight.

Budiman urged Azmin to come clean on the purported loan in the interest of transparency.