Klang port drops suit against developer in PKFZ case

MALAYSIA
By admin-s

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(TMI) – In a shocking move linked to one of Malaysia’s biggest scandals, the Port Klang Authority (PKA) has decided to withdraw its RM720 million suit against turnkey contractor Kuala Dimensi Sdn Bhd (KDSB) over the Port Klang Free Zone (PKFZ) fiasco.

The Edge Financial Daily has learned that the PKA board unanimously agreed to discontinue the suit in a special meeting in Putrajaya last Friday.

According to sources, seven of the nine directors present at the meeting also decided that it would initiate negotiations with KDSB for it to withdraw its suit against PKA.

The move, which is set to ring alarm bells among the public and the corridors of powers, will see the PKA dropping its biggest case among the four suits it had filed with regard to the RM12.5 billion PKFZ scandal.

Read more at: http://www.themalaysianinsider.com/malaysia/article/klang-port-drops-suit-against-developer-in-pkfz-case

 



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