KUALA LUMPUR (Sept 6): Boustead Heavy Industries Corp Bhd (BHIC) will not be penalised for mismanagement and irregularities related to the troubled littoral combat ship (LCS) project.
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KUALA LUMPUR (Sept 2): Boustead Heavy Industries Bhd (BHIC), which is embroiled in the RM9 billion littoral combat ship (LCS) project fiasco, announced that the letter of awards to two main contractors in relation to the six vessels for the Royal Malaysian Navy (LCS Programme) have been voided.
Confronted over their role in the LCS procurement scandal, Germany's Rheinmetall claims it played an innocent role in a 'normal arrangement' and unfairly 'lost money' from the project - despite keeping silent on the subject for all these years ..