KUALA LUMPUR: The government has been urged to carry out a probe into the transfer of ownership of the Kuala Lumpur (KL) Tower concession from Telekom Malaysia Bhd (TM) to Hydroshoppe Sdn Bhd.
Malaysian Corruption Watch (MCW) president Jais Abdul Karim said the matter was serious as it involved the country's iconic landmark.
The government must conduct a thorough investigation and reveal the outcome to the public, he said.
Jais said MCW believed that the Malaysian Anti-Corruption Commission had been alerted about the deal.
"We hope they will conduct a thorough investigation. The matter has also raised many questions, especially since it was made public via social media.
"The government is obligated to provide a clear explanation."
Jais said the explanation was important for the public to continue supporting the government's good governance agenda.
Meanwhile, a visit by the New Straits Times to the address sighted on the Transfer of Shares documents, showed that it belonged to a company providing secretarial services for private limited companies.
The company, Azam Corporate Services, was appointed by Hydroshoppe to manage its operation since August.
Checks also showed the secretaries' names listed in the Companies Commission of Malaysia matched those at the company.
Based on the documents provided in a Twitter post by FreeMalaysiaToday, the deal was signed for an insignificant amount.
It is learnt that before the pandemic began, KL Tower had been making RM66 million in revenue per year.
The documents also showed Hydroshoppe was registered in 2008 with an office in Kepong.
It is headed by two directors, Abdul Hamid Shaikh Abdul Razak Shaikh, 47 and Nazarina Mohamed Nasir, 42.
Both names are registered in the Registrar of Companies, alongside two others — Fadhilah Ahmad and Mohd Norhafidz Buyong — as company secretaries from Azam Corporate Services.