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RM9 bil LCS fiasco simplified

IN 2007, Boustead Naval Shipyard Sdn Bhd (BNS) a unit of Boustead Heavy Industries Corporation Bhd (BHIC), which in turn is controlled by the Armed Forces Fund Board or LTAT sought the support of the Economic Planning Unit (EPU) in the Prime Minister’s Department and the then defence minister Datuk Seri Najib Razak for a programme to build six littoral combat ships (LCS) at its Lumut dockyard. ....

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The bills kept flowing in

PETALING JAYA: A huge amount of money meant for the uncompleted RM9bil six littoral combat ships (LCS) project was used to buy spare parts, including even TV sets, a special panel headed by former auditor-general Tan Sri Amrin Buang has revealed. ....

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