From Malaysian Insider
By Asrul Hadi Abdullah Sani
The Public Accounts Committee has recommended that former Transport Minister Datuk Seri Chan Kong Choy and former Port Klang Authority (PKA) general manager Datin Paduka O.C. Phang must be investigated for criminal breach of trust in the Port Klang Free Trade (PKFZ) scandal.
It also recommended investigations into the role of other government officials serving in PKA when the project was being developed.
The PAC found both Chan and Phang to have breached the Financial Procedure Act 1957 by issuing three letters of support and three letters of undertaking without the approval of the Finance Ministry.
The PKA had already sued Phang on Oct 8 for breach of duties in connection with the scandal-plagued PKFZ project.
“The committee was informed by the Attorney-General that three support letters were issued by former Transport Minister Datuk Seri Chan Kong Choy and the three letters of undertaking issued by the general manager of PKA implicitly was a form of a guarantee from the government to ensure that there will be allocations for PKA to be able to meet its obligations under the development agreement.
“Therefore, a thorough investigation must be conducted by the Malaysian Anti-Corruption Commission (MACC) and police into this matter under section 14 (1) of the Financial Procedure Act 1957. It can also be convicted with criminal breach of trust under section 409 together with section 409B of the Penal Code,” the PAC said in its report to Parliament.
The committee also reported that the bonds were not issued through the proper channels and the funds allocated were not fully utilised for the project.
The report recommended that the Finance Ministry review the bonds so that they could be redeemed to avoid increasing the debt due to the high bond rate of 7.5 per cent imposed by PKFZ developer Kuala Dimensi Sdn Bhd (KDSB) compared to the normal four per cent issued by the government.
The report pointed out that the letter of undertaking issued by Phang went against the government decision which had decided that the PKFZ should be self financed by PKA when the project was approved.
The PAC also noted that Phang and Chan had failed to inform the Cabinet in a “timely manner” of PKA’s inability to finance the project although this matter has been raised in reports of the Auditor-General’s financial statements from 2003 to 2007.
Meanwhile, Prime Minister Datuk Seri Najib Razak said there would be no cover-up in the PKFZ probe, adding that the special task force set up recently will take into account the PAC report.
Not only Chan and Phang…the other 2 former Transport Minister could have involved as well. the Money corrupted could have put into good used for the Rakyat to Help the Poor !
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Kong Choy, oh Kong Choy!
When you are called to face the music this time, don’t you dare say you are sick, and need to seek treatment in Australia again, ok?
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It has involved too many top guns. Both CKC and OC Phang will be sneakily getting away easily without any official hindrances to stop from going off.
The involvement of certain top officials will definitely stop any action being taken against these two characters for worrying the hole digging will be become bigger and bigger. They have to close up the cesspool. The can of dung can not be opened.
Once it was opened, the current government would be boomed to nadir of hell.
They wouldn’t be that stupid to do job for PR.
PR needs to do it itself. Work harder up to kick this corrupt government into cesspool.
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THEY ARE PLAYING WAYANG. THIS IS UBN ATTITUDE. FROM ONE CASE TO ANOTHER AND AT LAST THE IKAN BILIS CAUGHT BY BIG NETS. FROM PERWAJA TO VK LINGGAM TAPE TO PKFZ TO FORGET TOYOL CASE, MONGOLIA CASE, SCORPIEAN SUBMARINES CASE, AS PROVEN THE 8 HIGH PROFILE CASES BE ENDED. WE WERE FOOLED BY THE CORRUPTED UBN GOVERNMENT SHOWING US THE WAYANG DIRECTED BY THE BLOODY SPRM.
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