Was Ladang Dovenby land promised for public housing?

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Ladang Dovenby Was Promised for Public Housing

Former Sungai Siput MIC division chief M. Lokanathan has accused Senator Datuk Seri S. Vell Paari of acquiring land for below market prices. Among these acquisitions, Lokanathan specifically highlighted the 114-acre Ladang Dovenby plantation, which he stated was promised for a public housing project. This promise was reportedly made by Tun S. Samy Vellu, the former Sungai Siput Member of Parliament and MIC secretary-general, in the lead-up to the 2004 general election.
The Original Promise

The land in question, Ladang Dovenby, comprised 114 acres of oil palm plantation. This parcel was designated for a public housing initiative, a commitment made by Tun S. Samy Vellu during the campaign for the 2004 general election. The intention was to develop the land for the benefit of the public and cooperative members.
Allegations of Undervalued Acquisition

Lokanathan claims that Senator Datuk Seri S. Vell Paari subsequently acquired this land through Syarikat Ratus Sanjung Sdn Bhd for a price of RM11,280 per acre. This acquisition allegedly occurred at a significantly lower rate than the prevailing market value, which Lokanathan estimated to be RM68,000 per acre. Lokanathan presented documentation suggesting Vell Paari is a director of Syarikat Ratus Sanjung Sdn Bhd.
Transfer of Ownership and Previous Ownership

According to Lokanathan's allegations, Syarikat Ratus Sanjung Sdn Bhd was previously owned by an associate of Tun S. Samy Vellu. This associate had purchased the land in 2005, reiterating the promise of a People's Housing Project. Lokanathan stated that Senator Vell Paari took control of the company last year, indicating a transfer of beneficial ownership.

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Was Ladang Dovenby land promised for public housing?

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