LTAT boss: Boustead forced to use LCS money to pay off bad debts

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

It has to take over debt-ridden PSC Industries Sdn Bhd.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

tak habis2 rasuah. memalukan orang

Semua bumiputra ke?

Forced?

Misuse of trust, misuse of fund.. there is a criminal offence of this.. what it called?

Gali lubang sini,tutup lubang sana..tapi dalam fb bangjib kata PH yg salah sebab tangguhkan projek ni dan macai2 bersorak keriangan

Wahdu…. Admitting this so the asses of the ministers can be saved la… everyone from top down in this scheme has to go la.. period

bak kata pepatah, Rob Peter to pay Paul

Gali lubang tutup lubang. 🤬

rudeeamin as you said

Ahmad Nazim 🤣

Was forced?

Pala hotak kau. Dakwa lah ape lagi bengap

Ni sakau mcm mna pulak..Aku pun dh pening..Bnyk sgt isu sakau menyakau ni.Buat poster.Senang aku nk tempek kat whatsapp group org kg

Semakin banyak pendedahan akan dibuat. Semakin banyak yg akan dilondehkan. Kepala bapakkk diorg ni semua!!

Mohon pencerahan bekas Pengerusi Bousted. nordin_khaled

😜Msia Boleh. Giving contracts to Shipbuilder sinking in the mud.

Masuk jel baru cerita la

Then u are not a good CEO. U deserve an arrest for misuse of funds

If i smashed a champagne bottle to the ship shown to Sultan Perak 'the other day', will the ship or bottle break first?

Oh my goodness it gets worse as the secret details emerge .

Which asshole awarded the contract to a company which has bad debts? 🤔

Daylight robbers shameless maggots

This smells like 1mdb all over again. Took money, no development

Apa lagi Babi Najib (BN) mau cakap?🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

So out of RM6billion, how much repaid debt and how much went to those non-existant SCUMNO Pirate Vessels?

Wtf, money suppose to build ship. Not to pay his own debts. Bravo

Well, now we know where some of the money went. Boustead should never be allowed to build any more of our ships.

Tu diaaaaaaa

Patut la dia ni bermati-matian kata PH yg salah. Munafik sungguh

What kind of governance is this?

Duit project buat kapal di 'project' kan dulu haramjadah betul

This is really bad. Unless some serious action is taken we will all remember this for a very long time.

Totally wrongdoings

useless drivel

Jika B minta makan tahi .. makan terus puak2 ni yg tiada integriti.. patutnya bayar hutang dgn capital yg di masukkan semasa ambil alih dan dengan keuntungan berniaga bukan dgn cara yg tutup lubang

Is this why the claims were inflated so that they can pay off the sub-contractors for the actual work and have extra to pay off the old debts?

Misuse of fund. Tangkap Dia!

And buy new bungalows, new cars, new bagsssss, new jewelry, new oversea apartments, etc... etc... etc... Same old story...

The truth has surfaced. BNS cannot deliver the 6 LCS ships because the money was used to pay off Bousted bad debts. This is serious, money laundering. SPRMMalaysia must prosecute Bousted board of directors and former ministers invovled. Period.

This is the state of corruption in our Armed forces…

Bangangnya kerajaan umno ni

LTAT boss: Boustead forced to use LCS money to pay off bad debts.......and don't worry...BN will bail out later.....

Wft. This is how a banana republic 'develops local expertise'. Someone needs to go to jail. 🖕🏿

Kena paksa cakap ni for sure. Still covering up for the major crooks. Buat financial forensics sikit. Betul ke bayar hutang? Sickening to the core!

This is misappropriation

Dapat kontrak buat rumah B tapi ambil duit bayar hutang masa project rumah A… what a stupid company

babi punya dap. undilah kerajaan melayu..

This Criminal Breach of Trust

Betul punya gali lubang tutup lubang... baik gali lubang kuboq sendiri la

We learned it in school: Rob Peter to pay Paul. But in Malaysia they practice it.

Majulah Malaysia kan

Aahhhhh mari jawab ! NajibRazak

Apa Malu Bossku !! Nasib Malaysia la ...sendiri undi sendiri tanggung

That’s very unethical!🤦🏼‍♂️

So dana kepada LCS diguna utk bayar hutang syarikat yang gagal bina 6 OPV sebelumnya. Kesimpulannya, negara bayar bilion² untuk bayar 6 OPV + 6 LCS yang satu pun tidak pernah siap. Ini namanya menyamun di siang hari langsung tak pandang kiri kanan.

Bad Debts caused by TunM and Daim awarding projects to Amin Shah !

Shittt

Hello NajibRazak, HishammuddinH2O, DrZahidHamidi

Money meant for safeguarding the security of Malaysian 🤷‍♂️

Hahahahah sebb tu naikkan harga 3 kali ganda aduhhh mampuih

Tutup lubang gali lubang lah ni. PSC tu siapa punya?

So you used money that was NOT for its intended budgeted purpose? What is this? Taking from other holes to close other holes?

Mmg sial

Mana macai umno? Nk putar apa pulak kali ni?

Jgn salahkan Boustead je.. Kalau takde sape yg membayar, xde sape yg menerima

Company full of shitty people. Failed CEO, BoD, FM, PM. Always coverup. You clan don’t know how to do business. Full stop. It’s like you guys used that LCS money to pay big salary bonus dividend etc. how you guys every day eat and sleep by swindling tax payers money.

What!!!

zack_rockstar Ko punya company dah nak bungkus, boleh pulak ko cekau duit projek buat bayar hutang. Padanla projek lingkup. Mmg awal2 lagi dia dah guna duit tu. Yg lantik bousted utk projek nie pun mesti hanky panky punya orang. Dah tahu company goyang ko lantik jugak.

Boss apa mcm ni...bodoh nak mampus

Is that called pro buz entity. Kasi malu kaum je.

Is that why LTAT could pay off more than 4% of dividend in 2021, which was the highest in 3 years' time? Taking the LCS money to cook up your account books?

Who forced ?

Lame. Kedaulatan negara must always be first. How could we accept this excuse?

So whose brilliant mind it was that awarded billions of RM project to a debt-ridden company?

Lets face it. In the grand scheme of thing, this is quite normal. It is not Malaysia if there is no element of corruption, mismanagement, incompetence, etc., and no one takes the blame.

Patutlah 🇲🇾 Sial 🍌

Lubukkk makannnn

Punya bodoh. Took money for project A to bailout a failed company that essentially going to sink anyway. What school they go to lah?

Reveal one by one, hopefully Finally before GE

Saw this shit coming from miles away

Why take over a failed company when Boustead itself is not financially good!

mana MACC?

Look likely more soon be surface about LcS scandals 👍😂

Wah dig a hole to cover another hole....finally the losers are Malaysians as we need to rescue the incompetent people....guess this is what Malaysia Boleh means...from Perwaja to Proton the list never ends ..and gov can say the cannot subsidise our health cost...

Of course

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boustead Naval bayar hutang lapuk guna duit projek LCSUntuk rekod sehingga 28 Oktober 2020, jumlah pembayaran yang dibuat kerajaan kepada BNS adalah sebanyak RM6.08 bilion untuk LCS, namun, tidak digunakan sepenuhnya. Bodoh punya orh, siapa yg lead BNS masa tu. Berani dia huna suit untuk bayar hutang. Bodoh. Tak belajar ke, mvm mana jadi leader. Duit yang tujuannya utk LCS maka duit itu hanya utk LCS. Bodoh. Kalau aku jadi menteri Pertahanan masa tu, aku akan ckp. You are fired! Report polis Gali lobang tutup lobang , duit pergi mana raib sama macam kapal selam jadi tukun, kapal perang hilang radar ... negara hancur kerana pemimpin korap
Source: UMonline - 🏆 27. / 51 Read more »

RM6 bilion untuk beli pukal peralatan bina LCS, kata LTAT | The Malaysian InsightCEO LTAT Ahmad Nazim Abd Rahman mengesahkan pembinaan LCS sedang dilaksanakan di limbungan Lumut.
Source: msianinsight - 🏆 8. / 63 Read more »

LTAT CEO explains that all six LCS ships must be built together, RM6b bulk order purchase to save costKUALA LUMPUR, Aug 10 — Datuk Ahmad Nazim Abdul Rahman, CEO of the Armed Forces Pension Fund (LTAT) has explained why none of the six Littoral Combatant Ships (LCS) purchased by... Mana ships? No problem, let's award a new RM20 billions tender including RM9 billions to pay the previous failed one 😂😂😂
Source: malaymail - 🏆 1. / 86 Read more »

Bulk of RM6 billion payment for LCSs spent on equipment order, LTAT chief says | The Malaysian InsightAhmad Nazim Abdul Rahman confirms construction of vessels underway at Lumut shipyard.
Source: msianinsight - 🏆 8. / 63 Read more »

RM6 bilion untuk beli pukal peralatan bina LCS, kata LTAT | The Malaysian InsightCEO LTAT Ahmad Nazim Abd Rahman mengesahkan pembinaan LCS sedang dilaksanakan di limbungan Lumut.
Source: msianinsight - 🏆 8. / 63 Read more »

Boustead Naval bayar hutang lapuk guna duit projek LCSUntuk rekod sehingga 28 Oktober 2020, jumlah pembayaran yang dibuat kerajaan kepada BNS adalah sebanyak RM6.08 bilion untuk LCS, namun, tidak digunakan sepenuhnya. Bodoh punya orh, siapa yg lead BNS masa tu. Berani dia huna suit untuk bayar hutang. Bodoh. Tak belajar ke, mvm mana jadi leader. Duit yang tujuannya utk LCS maka duit itu hanya utk LCS. Bodoh. Kalau aku jadi menteri Pertahanan masa tu, aku akan ckp. You are fired! Report polis Gali lobang tutup lobang , duit pergi mana raib sama macam kapal selam jadi tukun, kapal perang hilang radar ... negara hancur kerana pemimpin korap
Source: UMonline - 🏆 27. / 51 Read more »