The Attorney-General Chambers has rejected the representation submitted by Boustead Naval Shipyard Sdn Bhd managing director Tan Sri Ahmad Ramli Mohd Nor to drop three criminal breach of trust charges of the company’s fund totalling RM21.08 million involving the littoral combat ship project for the Royal Malaysian Navy.
A total of 10.38% of the Armed Forces Fund Board’s shares in the Boustead Naval Shipyard Sdn Bhd have been transferred to Finance Ministry-owned Ocean Sunshine Bhd to complete the troubled littoral combat ships project.
A graft watchdog has called for the Attorney-General’s Chambers (AGC) to review all contracts related to the littoral combat ship (LCS) project, after findings were published by Parliament’s Public Accounts Committee (PAC).
Defence Minister Datuk Seri Mohamad Hasan (Rembau-BN) has refuted findings detailed in a report by Parliament’s Public Accounts Committee on the embattled multi-billion ringgit littoral combat ships project.
PIDM protects up to RM250,000 per depositor per member bank and up to RM500,000 for takaful and insurance benefits. For health-related insurance, PIDM protects 100% of your healthcare benefits.
