Urgent motion for Monday’s
Parliament - No bail-out of the RM4.6 billion Port Klang Free Zone scandal
unless there is full parliamentary accountability and prior Parliamentary
by Lim Kit Siang
I have given notice to the
Speaker of Parliament, Tan Sri Ramli Ngah to move an urgent motion when
the Dewan Rakyat reconvenes on Monday – that there should be no bail-out
of the RM4.6 billion Port Klang Free Zone (PKFZ) scandal unless there is
full parliamentary accountability and prior Parliamentary sanction.
In my notice, I pointed out that there have so far been no proper
accountability to Parliament whether by the Transport Minister or the
Finance Minister about the RM4.6 billion PKFZ scandal despite the exposes
in the public domain, such as:
• (i) Hanky-panky in the purchase of the 1,000 acres for the PKFZ, despite
objections by the Finance Ministry and the Attorney-General’s Chambers;
(ii) mismanagement resulting in the pull-out of Jebel Ali Free Trade Zone
(Jafza) from the project, which could become a “white elephant”; and
(iii) questionable cost-overruns of the PKFZ, ballooning to RM4.63 billion
from the original estimate of RM1.1 billion.
• The unlawful and unauthorized Transport Ministry issue of four “letters
of support” which were used by the turnkey contractor - Kuala Dimensi Sdn
Bhd (KDSB) - to raise RM4.6 billion bonds and get an AAA rating from the
Malaysia Rating Corporation Bhd. for the PKFZ project.
• Why the government and the 26 million Malaysians must now bear
responsibility if there is a RM4.6 billion PKFZ bailout despite earlier
assurances that the PKFZ project would be feasible, self-financing and
would not involve a single ringgit of public funds.
• Why the Prime Minister is breaching his undertaking of no bailout of
mega-billion-ringgit “white elephant” projects – set to be the biggest
financial scandal at the beginning of any Prime Minister.
I stressed that Parliament and Malaysians are entitled to know why the
disgraceful culture of impunity continues to be perpetuated with no one,
whether the previous or past Transport Minister or both, being held
responsible for the RM4.6 billion PKFZ scandal.
Public Accounts Committee (PAC) Chairman Datuk Shahrir Samad has called a
a PAC meeting on the PKFZ scandal to look into two concerns:
• Will it involve any government bailout; and
• Will it affect foreign investors’ confidence in other projects in
Malaysia, like the Iskandar Development Region and other developments.
The Transport Minister, Datuk Seri Chan Kong Choy will be guilty of grave
breach of parliamentary privilege if Parliament and the PAC are misled
into thinking that the issue of the RM4.6 billion PKFZ bailout has yet to
be decided by the Cabinet – if in fact, such a decision had already been
made and taken by the Cabinet.
This is why it is most regrettable that Chan continues to keep dumb on the
RM4.6 billion PKFZ scandal when must come out with a clear and unequivocal
statement as to whether the Cabinet had taken a policy decision on the
bailout, and if so, when the decision was taken and why.
Even more important, Malaysians are entitled to know why the disgraceful
culture of impunity continues to be perpetuated with no one being held
responsible for the RM4.6 billion PKFZ scandal, especially when the
government had been given a categorical assurance that the PKFZ project
would be feasible, self-financing and would not need to involve a single
ringgit of public funding.
The Transport Minister responsible for Malaysians losing RM4.6 billion of
public funds which have now to be diverted in a bailout of PKFZ project
must be brought to justice for gross negligence and criminal breach of
If Datuk Seri Ling Liong Sik who was Transport Minister until 2003 was
responsible for the RM4.6 billion PKFZ scandal, then he should be arrested
and prosecuted in court. If Chan is responsible, then let Chan be charged
for the RM4.6 billion negligence.
If both Ling and Chan are both jointly responsible, then let both be
charged in court – which is the only way to ensure that Malaysians can
celebrate the 50th Merdeka anniversary with some pride about our national
integrity instead of having to hang our heads in shame over the RM4.6
billion PKFZ scandal.
Opposition Leader, MP for Ipoh Timur & DAP Central Policy and Strategic
Planning Commission Chairman