As everybody kept pressure on Datuk Seri Ong Tee Keat over the scandal-hit Port Klang Free Zone (PKFZ), saying its ballooning price tag is bigger than the RM2.5 billion BMf losses.
“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, the RM2.5 billion BMf scandal.
PricewaterhouseCoopers (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 but has now risen to RM12 billion as cited by some media reports.
As Ong was also MCA president, MCA leadership must fully account for 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 PKFZ fiasco has already cost former MCA deputy president Tan Sri Chan Kong Choy, who was Transport Minister, his political career when he was dropped in Election 2008.
The PKFZ episode is another offspring of incompetency & corruption that is predominant in our society today.
“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!”
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