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RM12 billion PKFZ scandal – six times bigger than RM2.5 billion BMF scandal of Mahathir


MCA President and Transport Minister, Datuk Seri Ong Tee Keat should stop running from the question why he had failed to honour his repeated public undertakings to “tell all” and make public the full report of the PricewaterhouseCoopers (PwC) audit into the mega-billion ringgit Port Klang Free Zone (PKFZ) scandal. Malaysians want to know what he is hiding.

The PwC audit report into the PKFZ scandal has been described in the media as “a damning disclosure of mismanagement, clandestine deals, conflicts of interest and a total disregard for transparency and accountability” for a project which was supposed to cost RM1.845 billion in 2002 under the then MCA President and Transport Minister, Datuk Seri Dr. Ling Liong Sik but ended up at RM4.6 billion under MCA Deputy President and Transport Minister, Datuk Seri Chan Kong Choy.

Now, horror of horrors, it is reported that the final cost of the PKFZ scandal under MCA President and the third MCA Transport Minister, Datuk Seri Ong Tee Keat is the frightening figure of RM12 billion, which would have to be borne by the Malaysian taxpayers although the Cabinet had been assured in 2002 that the PKFZ project was a feasible, self-financing project that would not require a single sen of government financing!

If the PKFZ scandal had ballooned from RM1.8 billion in 2002 to RM12 billion in seven years under three MCA Ministers, it will be six times bigger than the first Mahathir mega financial scandal – RM2.5 billion BMF scandal!

RM12 billion of public funds is no chicken feed – it could build three Penang Bridges at RM4 billion each, 120 hospitals at RM100 million each, 1,200 schools at RM10 million each or 300,000 low-cost houses at RM40,000 each!

The MCA national leadership must fully account as to how three MCA Ministers in the past seven years had presided over one of the biggest financial scandals in the nation’s 52-year history.

The latest excuse of a “technical issue” preventing the full publication of the PwC report – that the Port Klang Authority Chairman Datuk Lee Hwa Beng had only written to the PcW on April 30 to seek its consent to release the report – is most laughable and a terrible reflection of Ong’s Ministerial irresponsibility to honour his 14-month pledge to reveal the whole truth about the PKFZ scandal.

(Dinner speech in Sungai Lalang, Sungai Patani on Saturday, 9th May 2009 at 9 pm)

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This entry was posted on Sunday, 10 May 2009, 7:21 am and is filed under Corruption, MCA, PKFZ. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

  1. #1 by ekans on Sunday, 10 May 2009 - 6:05 pm

    Nice try, UMNO’s BN, especially Zambry & co., for trying to distract, even for a while, the people’s thoughts away from this PKFZ scandal.
    Last we heard was RM8 billion, but now already inflated to RM12 billion???
    So, now the Pekan MP’s RM60 billion ‘economic stimulus package’ has shrunk to RM48 billion???
    Is the recent release of ISA detainees supposed to take away the pain from us taxpayers???

  2. #2 by Godfather on Sunday, 10 May 2009 - 6:19 pm

    Limkamput:

    if professional advisors are prostitutes in 3-piece suits, what about the glocal firm of Cintanegara, Kasim & Chengho ?

  3. #3 by zipppp on Sunday, 10 May 2009 - 6:26 pm

    52 years of coruption by UMNO/BN .The poor become poorer (rakyat)the rich become richer(umno/bn)………..

    I will vote for PR from today onward

  4. #4 by a2a on Sunday, 10 May 2009 - 6:28 pm

    The 3 are the slave and admirer of corruption.

    That’s all.

  5. #5 by poo chit on Sunday, 10 May 2009 - 10:14 pm

    The senile old man commented that Malaysians have short memory. It was proven that he is indeed a Malaysian because in court he forgot this and that. Yes very soon this hoo ha will be over. Remember the Royal Commision of Inquiry into the korek korek koreeeeeek case? With the amount of time spent evidences etc. End of the day….nfa. If they can sweep an elephant under the carpet this will also be another elephant to go under the make in Malaysia magic carpet.

  6. #6 by LBJ on Sunday, 10 May 2009 - 11:07 pm

    Shame. We have such crooks in MCA and BN.

    OTK. You may (i say may) be sincere. But MCA is full of crooks. No less so than your predecessors and the fool Lee Hwa Beng.

  7. #7 by limkamput on Sunday, 10 May 2009 - 11:49 pm

    Godfather Says:
    Today at 18: 19.25 (5 hours ago)
    Limkamput:

    if professional advisors are prostitutes in 3-piece suits, what about the glocal firm of Cintanegara, Kasim & Chengho ?

    ————————-

    They are prostitutes with nothing on. May be just topless would be more exciting than complete nakedness. What do you think?

  8. #8 by Godfather on Monday, 11 May 2009 - 3:45 am

    Nobody would pay for these prostitutes, except for UMNO, who would then use taxpayers’ money.

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