CEO Morning Brief

LCS Project: Ex-shipping Company MD to be Charged

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Publish date: Tue, 16 Aug 2022, 08:36 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (Aug 15): A former managing director of a shipping company will be charged in the Sessions Court on Tuesday (Aug 16) in relation to the construction of the Littoral Combat Ships (LCS) for the Royal Malaysian Navy (RMN).

According to a source, the man will be charged with three counts of criminal breach of trust under Section 409 of the Penal Code.

Based on a check of the court system, the case will be heard before judge Suzana Hussin at 9am.

The media invitation issued by the Malaysian Anti-Corruption Commission (MACC) late on Monday afternoon also gave information about the charges against the man.

On Aug 4, the Public Accounts Committee disclosed that not a single ship had been completed, even though the project contract, worth RM9 billion, stipulated that five of the six ships should be completed and delivered by August 2022.

Source: TheEdge - 16 Aug 2022

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