GEORGE TOWN, March 26 -- Penang Development Corporation (PDC) does not have any links to the defunct pyramid scheme MBI, said Penang chief minister Chow Kon Yeow.

He said PDC sold the RM1.07 billion Bayan Mutiara land through a request for proposal back in 2011 to Ivory Properties Group.

He said the sale of the land was for a mixed development project to be built on 102.6 acres of reclaimed land.

"If you ask me, whether previously or now, PDC does not have any connections to MBI," he said.

Chow, who is also PDC chairman, said PDC was also not called in to assist in investigations by Bukit Aman.

"We will leave it to the police to investigate," he said.

According to news reports earlier today, police are believed to be investigating t...