PKFZ: Damning Disclosure

A day before the report on the controversial Port Klang Free Zone (PKFZ) project is due to be made public, Barisan Nasional MPs were briefed by the Port Klang Authority (PKA) yesterday and told that the cost of the project is now expected to be more than RM10 billion!

The Sun yesterday also reports, here, that among the findings of Price Waterhouse Coopers (PWC) audit report are that:

» No proper studies were undertaken before embarking on the project;

» Major decisions on the project were made without prior approval of PKA board;

» The PKA chairman and general manager entered into agreements without seeking the advice of the relevant government authorities;

» There was a failure to exercise adequate governance and implement checks and balances in the implementation of the project.

There are things I have been frothing at the mouth harping for some time.

The report also detailed a series of conflict of interest situations, which include:

» Sementa assemblyman Abdul Rahman Palil was both the Pulau Lumut Development Co-operative (KPPL) chairman and a PKA director in 2002 when the land for PKFZ was sold by KPPL to PKA;

» Rashid Asari & Co, the legal firm retained by PKA, was also the same firm overseeing the inking of the sales and purchase agreement between KPPL and turnkey contractor Kuala Dimensi Sdn Bhd (KDSB).

Read more at: