The PKFZ Scandal

In the spirit of Malaysia Boleh we did it again. Another waste of public fund and another cover up I suppose! The cost shoot up from a mere RM 513 Million to RM 4.63 billion and the losses could be as high as RM 12 Billion! Does this mean that part of the RM 60 billion stimulus package may be used for the failing project?
By the look at the case, it just makes one sick of the present state of the country or the leadership. Why are they are covering up? Who are the real culprits? Some facts for your consideration:

1)PKA bought the land from Kuala Dimensi for an amount of RM 1.08 billion which had bought it for a mere RM 95 million only. The price went up ten times the original value!
2)Any way, PricewaterhouseCoopers (PwC) audit report on the Port Klang Free Zone (PKFZ) fiasco has claimed that have long been reported that serious shortcomings, irregularities and abuses have from the very beginning plagued the publicly-funded project but it was swept aside by the government. Wonder why?
3)Why is the report is restricted to ONLY 15 hard copies?
4)PwC has not only stated that it is not obliged to respond to any queries, and does not owe a duty of care to any party other than PKA, but has also stipulated that readers are not authorised to use or rely on the report to arrive at any conclusion! What and who are they covering up?
5)Wijaya Baru Holdings Sdn Bhd (WBHSB) Deputy CEO Faizal Abdullah said the audit report had ‘mischievously' left out certain information and this omission was damaging to his company and questioned the integrity of the audit report issued by international firm Pricewaterhouse Coopers (PwC).
6)But will there be serious action taken against all those responsible for the shortcomings, irregularities and abuses in the scandal? If there is such action, to what extent and to what level will it be taken against these individuals
7)Bursa Malaysia had “reprimanded” the PKFZ developer in 2006 when it failed to inform the stock exchange and obtain the consent of its shareholders on the disposal of the land. Why no action was taken against PKFZ.
8)Numerous reports were made against PKFZ to the Anti-Corruption Agency but nothing has come out of it and even the Parliament Public Accounts Committee (under Johor Baru MP Shahrir Samad then) looked into the matter as well, but no action was taken!

So what is the cover up here, why is that the present Transport Minister gave “narrow terms of reference” as guidelines for PwC to audit? Why is the last two former transport ministers not questioned? Why the government nor the finance ministry did anything all this while even provided letter of support for a RM 4 Billion bonds by Kuala Dimensi? We will never get to the truth as “ the truth is somewhere out there” just like the X-Files!