COMMENT | Littoral combat ships fiasco: A litany of sleaze

COMMENT | The MACC is reported to have detained two chief executive officers in its investigation into the procurement of six littoral combat ships (LCS) to be built by Boustead Naval Shipyard Sdn Bhd (BNS).

Both individuals were suspected of committing malpractice and receiving bribes through payments to three companies abroad.

One of them is also suspected of receiving bribes from a sub-contractor appointed to handle the project. A 62-year-old broker arrested by MACC yesterday is suspected of having engineered ghost projects to siphon off a total of RM24 million.

Apparently, the man allegedly worked with a former CEO of a company involved in the procurement of the ships. Is this a revelation surprising?

In 2019, the Defense Ministry announced that the cabinet meeting on May 5 had decided that the Boustead Group could resume the stalled construction of the six LCS.