MACC: Lim Guan Eng’s move to award Penang tunnel project was in self-interested

KUALA LUMPUR — The Malaysian Anti-Corruption Commission (MACC) told the Sessions Court that Lim Guan Eng’s decision to appoint Beijing Urban Construction Group (BUCG) for the Penang undersea tunnel project was hasty and driven by personal interest.

Senior enforcement officer Zulhilmi Ramli said Lim’s actions showed a lack of transparency and disregard for the state’s open-tender process. He testified that the memorandum of understanding (MoU) signed with BUCG in March 2011 effectively served as a direct award to the China-based firm.

Penang tunnel project

Zulhilmi added that Lim later signed a second MoU allowing BUCG to submit a proposal worth RM10 billion, contradicting the state executive council’s earlier decision to use open tender. He also said Lim allegedly sought 10% of project profits from Consortium Zenith’s Datuk Zarul Ahmad Mohd Zulkifli.

Lim faces four charges linked to the RM6.34 billion project. The trial continues tomorrow.

Business News

Table of Contents

News Malaysia and Global

Read More News on Latest Malaysia

Read More News on Business News Malaysia

Read More News on SG Business News

Read More News on World Future TV

Read More News #latestmalaysia

Staff Writer

Recent Posts

Weststar Aviation inks RM2 billion financing deal with AmBank

Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…

4 hours ago

Automotive Incentives Must Benefit Entire Supply Chain, Say Industry Players

Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…

7 hours ago

Kerjaya Prospek Secures RM98.8m Hospital Project, Expands Order Book

Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…

8 hours ago

Trading Radar: Crude Oil Long Play Amid Escalating Iran Conflict

Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…

13 hours ago

US Jobs Surge to 15-Month High, Fed Holds Cautious Amid Iran War

The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…

13 hours ago

YTL Power – Data centres gaining traction

YTL POWER (BUY Maintained, TP:RM3.72) Data centres are gaining traction 

14 hours ago

This website uses cookies.