Puspakom to face PAC

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Puspakom to face PAC

Postby admin » Wed Sep 03, 2008 3:38 am

KUALA LUMPUR: The Public Accounts Committee (PAC) will call those in charge of Puspakom about bribery allegations and government departments highlighted by the 2007 Auditor-General’s Report to explain before the committee after Hari Raya.

Committee chairman Datuk Seri Azmi Khalid said 5% of the ministries, government statutory bodies and departments audited showed that they were reprimanded over their financial statements.

Among those to be called up before the committee are the police, those in charge of the SMART Tunnel, Finance Ministry, City Hall, Education Department, Health Ministry, Defence Ministry, National Service Department and Composites Technology Research Malaysia Sdn Bhd (CTRM), a company owned by the Finance Ministry Incorporated and Petronas.

“We will be calling them to give us more information and to explain to us so that there will not be a future recurrence. We would like to see less and less of such cases,” Azmi told a press conference yesterday after chairing a PAC meeting.

Also present at the press conference was Dr Tan Seng Giaw (DAP – Kepong), who is also PAC deputy chairman.

Citing an example, Azmi said CTRM spent RM537.04mil to buy the Columbia Aircraft Manufacturing Corporation in the United States and when the latter got into financial difficulties, CTRM only got back RM25mil.

“This is poor investment or we call it bad business,” said Azmi, adding that those in charge of CTRM would be asked to give an explanation.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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