Malaysia’s PKFZ: A look into the multi-billion dollar scandal with no culprits

Source: Asian Correspondent

BY A. AZIM IDRIS

Image via @PKFZ, taken from Asian Correspondent

ALMOST a decade ago, Malaysia was rocked by a colossal RM12 billion (US$2.6 billion) corruption scandal involving the development of a regional shipping hub known as the Port Klang Free Zone (PKFZ).

But despite wide-scale investigations on allegations of funds misappropriation, several arrests and countless lawsuits, not a single person has been held accountable to date.

The 1,000-acre PKFZ, an integrated commercial and industrial zone nestled in Malaysia’s most affluent state of Selangor, was mooted in 1997 by former politician Dr Ling Liong Sik, who was transport minister at the time.

It was originally budgeted at RM1.1 billion (then around US$300 million) but the construction bill mysteriously quadrupled to RM4.6 billion (US$1.2 billion) by 2007 when the project was completed.

In 2008, an audit by accounting firm PricewaterhouseCoopers commissioned by then-transport minister Ong Tee Keat concluded that the total cost of the project could balloon to RM12.5 billion, after factoring in interest payments.

The incident sparked public outcry, made headlines for years and became campaign fodder for the Malaysian opposition for at least two federal elections – but still led to no conviction.

And the likelihood of anyone being taken to task over the controversy looks to be wearing thinner by the day. Read more

Skandal PKFZ tiada bukti kukuh, semua tertuduh dibebas

Sumber: The Malay Mail Online

File picture showing the entrance to Port Klang Free Zone. — Picture by Firdaus Latif

File picture showing the entrance to Port Klang Free Zone. — Picture by Firdaus Latif

SHAH ALAM, 17 Mac — Mahkamah Sesyen di sini hari ini melepas dan membebaskan tiga individu, yang dituduh menipu dalam projek Zon Bebas Pelabuhan Klang (PKFZ), tanpa dipanggil membela diri.

Mereka ialah bekas pengurus projek Kuala Dimensi Sdn Bhd, Law Jenn Dong, 59; arkitek BTA Architect, Bernard Tan Seng Swee, 56, dan ketua pegawai operasi Kuala Dimensi, Stephen Abok, 59.

Hakim Asmadi Hussin membuat keputusan itu selepas berpuas hati pihak pendakwaan gagal membuktikan kes prima facie terhadap kesemua pertuduhan.

Seramai 31 saksi pendakwaan memberi keterangan sepanjang perbicaraan. Read more