The Auditor-General's Report 2015 has cited the Penang Regional Development Authority (Perda) and its chairperson Shabudin Yahya for allegedly selling land below market price, and making a loss.

Penang Chief Minister Lim Guan Eng asked why the Malaysian Anti-Corruption Commission (MACC) has yet to act against Shabudin, who is Umno Tasek Gelugor MP.

The plot in question is situated along Jalan Dato Keramat near MRSM Transkrian Seberang Perai Selatan, which was reportedly sold for RM1.42 million last year.

“The market valuation by the Finance Ministry was over RM16.6 million, yet Perda sold it at only RM1.42 million, a loss of some RM15.2 million.

“The AG's Report agreed with me that there was no open tender and neither was there any current market valuation,” Lim said in a statement.