PKFZ RM4 billion scandal finally lands in MCA's backyard

Persons responsible reads like a Who's Who list from MCA top brass



The Star reports on 22 December 2008:

The total amount paid by the PKA to KDSB for the land eventually amounted to RM1.088bil, to be paid over 15 years.

A letter supporting the project was issued later by the then Transport minister Datuk Seri (now Tun) Dr Ling Liong Sik to Malaysian International Merchant Bankers Bhd and Pacific Trustees Bhd confirming the land purchase.

Former Transport Minister Datuk Seri (now Tan Sri) Chan Kong Choy also issued three supporting letters to the Malaysian Rating Corporation Bhd at each stage where PKA signed agreements with KDSB.

These agreements were for KDSB to develop PKFZ and amounted to RM2.25bil.

Read The Sun's latest uptake on their 5-year old investigation

Over the years, we have written dozens of stories on the wrongdoings. Today, five years after theSun broke the story and after denials, clarifications and the lot, we stand vindicated. The report prepared by PriceWaterhouse-Coopers is testimony to why we chose to pursue the issue relentlessly – taxpayers’ money was involved but there seemed to be neither transparency nor accountability – the cornerstones of good governance. The figures quoted in our reports may not have been spot-on but the facts remain.

PWC's Report

PKFZ audit report

Najib losing the plot, washes his hands

Ong Tee Keat on the run as scandal looks set to skyrocket to RM12.5 billion

How it all started (The Sun's report dated 13 Aug 2007)

Forbes: Why the PKFZ issue is important to potential investors

WHAT IS PKFZ? The Port Klang Free Trade Zone (PKFZ) started as a joint venture between the Port Klang Authority and the promoters of the Jebel Ali Free Trade Zone in 1999 to attract foreign investment and promote Malaysia's main ports situated near Kuala Lumpur...

JR: MACC.. err have you finished reading the report?? I mean the one reported to you 5 years ago...