RM12 billion PKFZ scandal – six times bigger than RM2.5 billion BMF scandal of Mahathir


Lim Kit Siang

MCA President and Transport Minister, Datuk Seri Ong Tee Keat should stop running from the question why he had failed to honour his repeated public undertakings to “tell all” and make public the full report of the PricewaterhouseCoopers (PwC) audit into the mega-billion ringgit Port Klang Free Zone (PKFZ) scandal. Malaysians want to know what he is hiding.

The PwC audit report into the PKFZ scandal has been described in the media as “a damning disclosure of mismanagement, clandestine deals, conflicts of interest and a total disregard for transparency and accountability” for a project which was supposed to cost RM1.845 billion in 2002 under the then MCA President and Transport Minister, Datuk Seri Dr. Ling Liong Sik but ended up at RM4.6 billion under MCA Deputy President and Transport Minister, Datuk Seri Chan Kong Choy.

Now, horror of horrors, it is reported that the final cost of the PKFZ scandal under MCA President and the third MCA Transport Minister, Datuk Seri Ong Tee Keat is the frightening figure of RM12 billion, which would have to be borne by the Malaysian taxpayers although the Cabinet had been assured in 2002 that the PKFZ project was a feasible, self-financing project that would not require a single sen of government financing!

READ MORE HERE



Comments
Loading...