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Articles, Opinions & Views: Have the LCS, MACC chief's shares scandals been forgotten? By R Nadeswaran

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" ā€œWhen you're left wounded on
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the women come out to cut up what remains,
Just roll to your rifle

and blow out your brains,
And go to your God like a soldierā€
General Douglas MacArthur

" ā€œWe are not retreating. We are advancing in another direction.ā€

ā€œIt is fatal to enter any war without the will to win it.ā€
ā€œOld soldiers never die; they just fade away.
ā€œThe soldier, above all other people, prays for peace,
for he must suffer and be the deepest wounds and scars of war.ā€
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ā€œIt is foolish and wrong to mourn the men who died.
Rather we should thank God that such men lived.
The Soldier stood and faced God
Which must always come to pass
He hoped his shoes were shining
Just as bright as his brass
"Step forward you Soldier,
How shall I deal with you?
Have you always turned the other cheek?
To My Church have you been true?"
"No, Lord, I guess I ain't
Because those of us who carry guns
Can't always be a saint."
I've had to work on Sundays
And at times my talk was tough,
And sometimes I've been violent,
Because the world is awfully rough.
But, I never took a penny
That wasn't mine to keep.
Though I worked a lot of overtime
When the bills got just too steep,
The Soldier squared his shoulders and said
And I never passed a cry for help
Though at times I shook with fear,
And sometimes, God forgive me,
I've wept unmanly tears.
I know I don't deserve a place
Among the people here.
They never wanted me around
Except to calm their fears.
If you've a place for me here,
Lord, It needn't be so grand,
I never expected or had too much,
But if you don't, I'll understand."
There was silence all around the throne
Where the saints had often trod
As the Soldier waited quietly,
For the judgment of his God.
"Step forward now, you Soldier,
You've borne your burden well.
Walk peacefully on Heaven's streets,
You've done your time in Hell."

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Have the LCS, MACC chief's shares scandals been forgotten? By R Nadeswaran
Wednesday, December 28, 2022

Malaysiakini : RM6b paid, still no ships

Parliamentā€™s 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 thereā€™s 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 MACCā€™s 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.

ā€˜My 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 ā€œnexus between business and law enforcementā€ and a ā€œconflict of interestā€ situation involving Azam and his extensive ownership of corporate stock.

Initially, in response, Azam said: ā€œI donā€™t owe anyone any explanation about what actually happened back in 2015. However, as Iā€™ve explained to the board members, my stock market account, at that time, was used by my brother Nasir to purchase shares.

ā€œAfter that, in the same year, those shares were transferred to his own stock market account, when he got his own account.

ā€œI donā€™t 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 oneā€™s 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 ā€œBehaviour 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?

posted by Major D Swami (Retired) @ 7:30 AM  
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