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7th Rangers: Hisham called to explain LCS contractor's finances in Dewan Negara

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Hisham called to explain LCS contractor's finances in Dewan Negara
Wednesday, August 10, 2022

Why the sullen face Kerismuddin?

Malaysiakini : Former defence minister Mohamad Sabu and his then deputy Liew Chin Tong want an explanation of the finances of Boustead Naval Shipyard Sdn Bhd (BNS), the main contractor of the RM9 billion Littoral Combat Ship (LCS) project.

The duo, who helmed the Defence Ministry during Pakatan Harapan’s federal administration, urged Defence Minister Hishammuddin Hussein (above) to explain in the Dewan Negara.

In a joint statement, Mohamad and Liew concurred with three senators that the Public Accounts Committee (PAC)’s findings on the LCS scandal should be debated in the Dewan Negara soon.

Senators Lim Hui Ying, Fadhlina Sidek, and A Kesavadas Nair proposed yesterday that the LCS issue be debated in the Upper House before the end of the current session on Aug 16.  “The minister has to answer the financial status of BNS at the Dewan Negara next week. Firstly, what is the amount of BNS debts as of August 2022?

“BNS’ debt stood at RM1.738 billion as of August 2019. This included a RM869 million loan from a financial institution and RM767 million debts to original equipment manufacturers,” said Mohamad and Liew.

Former defence minister Mohamad Sabu (left) and his then deputy Liew Chin Tong.

They also accused former prime minister Najib Abdul Razak of lying when he said the Defence Ministry under Harapan froze the LCS project for 15 months. “The LCS project was hit by financial problems before Harapan took over,” they said.

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posted by Major D Swami (Retired) @ 5:40 PM  
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