Parliamentās Public
Accounts Committee tabled a report in August on the procurement of the
LCS, two years after starting a probe into the RM9.13 billion contract.
The
committee said the project to construct six ships was awarded by the
Defence Ministry to Boustead Naval Shipyard Sdn Bhd through direct
negotiation, and the government has paid RM6.08 billion or 66.65 percent
of the cost so far.
Five of the ships were supposed to have been handed over to the navy four months ago, but none has been delivered.
A
declassified forensic audit report on the LCS revealed that several
attempts were made to conceal irregularities. The report also noted that
there were incidents where electronic evidence and documents were
destroyed, a further indication of a cover-up.
So,
what has happened to the investigations? Has the money trail been
traced and where does it lead to? End of the matter? What about the RM6
billion paid and thereās nothing to show? Where did the money go?
Former
managing director of Boustead Naval Shipyard Sdn Bhd (BNS) Ahmad Ramli
Mohd Nor in August pleaded not guilty to three charges of criminal
breach of trust over the LCS scandal.
The 78-year-old former Royal
Malaysian Navy chief was alleged to have authorised payments totalling
more than RM21 million (US$4.7 million) to three companies without the
approval of the board of directors of the company.
Rafizi may have
gone into silent mode but what about other members of the cabinet who
thumped their chests and promised a clean government? Are they going to
watch with folded arms as the loot disappears without a trace?
Why
have they taken their feet off the pedals? Are some of them complicit
in the dirty deals of the LCS? Or were they recipients of some of the
dirty money?
The MACCās silence on the matter causes concern.
While Azam was quick to announce the progress investigations into a High
Court judge, he has yet to publicly comment on the developments on the
LCS issue.
āMy brother did itā
But Azam himself has also
not addressed the accusations against him. In December last year,
economist and advocate of good governance, Edmund Terence Gomez,
resigned as a member of an MACC panel after it failed to discuss reports
implicating the top leaders at the anti-graft agency.
In his
resignation letter, Gomez said disturbing questions had been raised
about the ānexus between business and law enforcementā and a āconflict
of interestā situation involving Azam and his extensive ownership of
corporate stock.
Initially, in response, Azam said: āI donāt owe
anyone any explanation about what actually happened back in 2015.
However, as Iāve explained to the board members, my stock market
account, at that time, was used by my brother Nasir to purchase shares.
āAfter that, in the same year, those shares were transferred to his own stock market account, when he got his own account.
āI donāt have any pecuniary benefit or personal interest in the purchases made (by my brother) in 2015,ā he said.
Allowing
a third party to use oneās account itself is an offence under section
25(4) of the Securities Industry (Central Depositories) Act 1991.
Subsequently,
the Securities Commission Malaysia (SC) announced that Azam operated
the account that he had opened, in that he had given instructions to
buy, sell and transfer securities from the said account.
But this
does not absolve him of wrongdoing as he had breached a clause in the
āBehaviour and Discipline Management of Public Service Officerā
circular, which imposes conditions on share trading and ownership.
This
circular issued by the Public Services Department states that civil
servants are not prevented from purchasing shares provided as follows:
Does
not exceed 5 percent of the paid-up capital or RM100,000 of the current
value whichever is lower in any one company which is incorporated in
Malaysia;
Does not exceed 5 percent of the paid-up
capital in investment or industrial-centric companies established by
state or federal governments.
With Anwar Ibrahim,
Rafizi, and even Ahmad Zahid Hamidi extolling the virtues of a clean
government and not brooking any signs of corruption, can we expect some
action, or will it be the same as in the past?