boustead penang shipyard sdn bhd

You May Also Like. The Bursa filing also noted that BHIC through BHICDT owns a.

Shipyards Boustead Heavy Industries Corporation Bhd

Boustead Heavy Industries Corp Bhd BHIC could face potential losses of RM890 million due to group mismanagement and irregularities according to the declassified forensic audit report on the littoral combat ship LCS projectAccording to the report BHIC is estimated to have lost RM2337 million due to alleged dummy payments made.

. Pada tahun 1991 Limbungan TLDM di Lumut Perak telah diswastakan dan dikenali sebagai Naval Dockyard Sdn. The nub of the deception involving Alizes was that invoices sent by BPS Boustead Penang Shipyard to Alizes Marine in France were in fact being paid to the Labuan namesakes bank account in Singapore through an Alizes Marine Limited in the same way that Jho Low siphoned billions out of the 1MDB bond issues through bogus off-shore. BHIC subsidiary Boustead Naval Shipyard Sdn Bhd was tasked with building six navy frigates in the LCS project which has come under parliamentary scrutiny over costs and delays in construction.

RM678mil was also marked as a potential loss to Boustead Penang Shipyard Sdn Bhd BPS due to a reorder for 23 undelivered items by Alizes Marine. KUALA LUMPUR Aug 22. According to the PAC the project had run into cost overruns of RM14005 billion as the governments payments to the Boustead Naval Shipyard were not fully used for the LCS project noting that.

NDSB kemudiannya diswastakan melalui perjanjian Penswastaan yang ditandatangani pada 11 Disember 1995 antara Kerajaan Malaysia dengan Konsortium yang diketuai oleh Penang Shipbuilding and Construction Sdn. Payments made by the government to Boustead Naval Shipyard Sdn Bhd BNS were not fully used for the LCS project PAC chairman Wong Kah Woh told reporters in Parliament. He said a witness.

BBA is a joint-venture company between BHIC Defence Technologies Sdn Bhd BHICDT a subsidiary of Boustead Penang Shipyard Sdn Bhd which in turn is owned by BHIC and BAE Systems Bofors Holdings Sdn Bhd BAESB. BHICDT has a 51 stake in BBA while the other 49 is held by BAESB. Najib has attempted to link Mahathir to Boustead Naval Shipyard Sdn Bhd BNS being forced to use part of the funding for the LCS to pay off NGPVs bad debts he said referring to the New.

Pakatan Leaders Question If Bns Awarded Lcs Contract To Clear Corporate Debts The Star