Land swap deals involving the Defence Ministry have resulted in over RM500 million in losses and leakages said minister Mohamad Sabu.
He said this was detailed in a report by the special investigation committee on procurement, governance, and finance headed by former auditor-general Ambrin Buang.
Malaysiakini has learned that the losses and leakages occurred through 16 projects dating as far back as 1997.
According to Mohamad, the projects involved 2,933 acres of Defence Ministry land valued at RM4.75 billion, with project costs of RM4.88 billion.
"The ministry was informed that the implementation of a majority of these land swap deals were not planned thoroughly, and there wasn't comprehensive due diligence carried out when appointing developers.”
"There were also political interference in choosing the land swap locations for the political interests of certain quarters.”
"The situation caused some projects to take longer than was agreed in the contract. In fact, some projects were completed, but were not of satisfactory quality," he said in a statement today.
Mohamad has instructed his officers to lodge reports with the police, MACC and related agencies.
From 1997 until May 9 last year the following individuals served as defence minister: Syed Hamid Albar, Najib Abdul Razak, Abdullah Ahmad Badawi, Ahmad Zahid Hamidi and Hishamuddin Hussein. - Mkini
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