Arrests in Malaysian Port Scandal
Three down, more to come, although concerns abound that no big fish will be landed
Malaysian authorities Wednesday arrested Phang Oi Choo, the former general manager of the Port Klang Authority and two other persons in connection with a massive scandal in the construction of the Port Klang Free Zone, which has ballooned to RM4.6 billion from RM1.1 billion and could go as high as RM RM12.45 billion if the port defaults and is forced to pay interest on its debt, according to a report by PriceWaterhouseCoopers Advisory Services.[ lagi ]
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