Law Choo Kiang went from owning only a Perodua Myvi to becoming an asset millionaire with a house in Bandar Cassia and 609,000 shares in 12 companies, according to the public declaration of assets by Penang state executive councillors on Thursday.
Among other startling disclosures, Prof P Ramasamy changed his Proton Perdana for a Mercedes-Benz 230E making him the only one on the list with his own Mercedes-Benz.
Abdul Malik Kassim owns nothing (he lives in his wife’s house, he said) but bought a second car, Honda CRV, to add to his Proton Tiara. Law Heng Kiang bought a Honda Civic car, his only other asset being joint-ownership of an Island Glades flat.
Phee Boon Poh, the rich man in the Exco, bought a flat in Bagan Ajan and a RM349,000 plot of bungalow land in Batu Kawan, to add to his property holdings which include a house and land in New Zealand. He increased his fixed-deposit holdings by RM150,000 but his substantial investments remain unchanged: 1.2mil units of shares, 2mil units of unit trusts, and a holding in a family business. He also changed cars, from a Nissan Serena to a Toyota Alphard.