After 13 years, Malaysia's scandal linked to Port Klang still has no culprits

The PKFZ scandal involved the construction of a mega distribution hub in Port Klang, with alleged corruption greatly inflating the costs of the project.
The PKFZ scandal involved the construction of a mega distribution hub in Port Klang, with alleged corruption greatly inflating the costs of the project.PHOTO: ST FILE

KUALA LUMPUR - Long before 1MDB hogged the headlines, there was PKFZ - the Port Klang Free Zone multibillion-dollar scandal involving Malaysia's busiest sea port.

It was arguably the country's most well-publicised case of mismanagement of public funds, with alleged corruption greatly inflating the costs of building a free trade zone within the Port Klang regional shipping hub, to the tune of some RM12 billion (S$3.9 billion) including loans guaranteed by the government and interest charges.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.