PKFZ: PAC wants CBT probe on Kong Choy, OC Phang

[...] The PAC found both Chan and Phang to have breached the Financial Procedure Act 1957 by issuing three letters of support and three letters of undertaking without the approval of the Finance Ministry.

The PKA had already sued Phang on Oct 8 for breach of duties in connection with the scandal-plagued PKFZ project.

“The committee was informed by the Attorney-General that three support letters were issued by former Transport Minister Datuk Seri Chan Kong Choy and the three letters of undertaking issued by the general manager of PKA implicitly was a form of a guarantee from the government to ensure that there will be allocations for PKA to be able to meet its obligations under the development agreement.

“Therefore, a thorough investigation must be conducted by the Malaysian Anti-Corruption Commission (MACC) and police into this matter under section 14 (1) of the Financial Procedure Act 1957. It can also be convicted with criminal breach of trust under section 409 together with section 409B of the Penal Code,” the PAC said in its report to Parliament.

The committee also reported that the bonds were not issued through the proper channels and the funds allocated were not fully utilised for the project.- + selanjutnya

PKFZ: PAC wants CBT probe on Kong Choy, OC Phang