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YOURSAY | No ship on horizon but bad debts settled Ponzi-style

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Malaysiakini (English)

YOURSAY | ‘God help this country if this is how its finances are being managed.’ LTAT boss: Boustead forced to use LCS money to pay off bad debts Kilimanjaro: What is this taking money meant for one to pay the debt of another? And this is not peanuts – it was RM400 million. How did the Finance Ministry approve this? And was there a provision in the agreement to take a bulk sum to pay for bulk purchases? Whatever is in the news and what can be gleaned from the Public Accounts Committee’s (PAC) report is that the money is to be released based on the level of completed work. Is this a case of bre…

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