Scandals Galore
Masterwordsmith
Port Klang Free Zone (PKFZ) is a 1,000-acre (4.0 km2) regional industrial park located in Malaysia. Located along the Straits of Malacca, Port Klang, it offers extensive distribution and manufacturing facilities. Jebel Ali Free Zone Authority (JAFZA) previously managed the place but it was taken over and rebranded by a local company in 2007.
The PKFZ offers various investment incentives to investors including:
- tax exemptions on most products and services
- subsidies
- wholly foreign owned enterprises is allowed
- free repatriation of capital and profits and incentives for research and development, training and export.
Click HERE to read Wikipedia’s article about PKFZ.
The PKFZ controversy arose after the cost to develop the massive 1000-acre integrated cargo distribution hub and industrial park spiraled from RM2 billion to RM4.6 billion.
Today, TMI reported HERE that former transport minister Tan Sri Chan Kong Choy was today charged with three counts of cheating over the Port Klang Free Zone (PKFZ) project at the Sessions Court here, and faces up to five years’ jail on each count.
On July 29th last year, The Malaysian Insider reported HERE that Tun Dr Ling Liong Sik was charged with cheating here today over the scandal hit Port Klang Free Zone (PKFZ) project.
The PKFZ website HERE outlines the charges for former general manager of the Port Klang Authority (PKA), Datin Paduka OC Phang, along with two others.
Frankly, although the PKFZ scandal involved a large sum of money, there have been other scandals which have clocked record high amounts as well.
Do you remember the two bailouts of Malaysia Airline System? I cannot find official data on the total amount as reported by some bloggers but I managed to unravel old reports HERE.
According to LKS’s blog HERE, he called for public inquiry on how the half-a-trillion ringgit contributed by Petronas to government past 33 years and the RM15.2 billion ringgit royalty to Terengganu from 2000-2009 have been properly spent and accounted for. CLICK HERE to read the astounding amounts for bailouts!
CLICK HERE to read LKS’s media statement on Government should name names as to the leaders or officials responsible for overpaying Tajudin Ramli 117% over the market price for the MAS stake without any independent professional valuation so that police reports could be personally lodged against them.
Asia Sentinel HERE reported about the AP issue and listed many scandals that rocked our country. It also quoted an economist who said the country might have lost as much as U$100 billion since the early 1980s to corruption.
