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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
