Sat, 4 Apr 2026
Headlines:
Firms belonging to minister’s wife siphoned RM243mil in LCS project funds: Rafizi
Published on: Monday, August 22, 2022
Published on: Mon, Aug 22, 2022
By: FMT
Text Size:
Text:
 Firms belonging to minister’s wife siphoned RM243mil in LCS project funds: Rafizi
PKR deputy president Rafizi Ramli says invoices were sent for work that was never carried out.
PETALING JAYA: A federal minister’s wife has been named as the owner of two companies that allegedly misappropriated funds for the RM9 billion littoral combat ship (LCS) project.

PKR deputy president Rafizi Ramli said the two companies bore names similar to a French company. The companies were registered as offshore companies in Malta and Labuan.

Advertisement
FMT is withholding the name of the official, who once served as the deputy defence minister, and his wife pending comment.

The wife’s company was appointed as technical consultants and suppliers of spare parts and sent invoices for work that was never done.

SPONSORED CONTENT
Cosmobeauté Malaysia and beautyexpo will expand into East Malaysia with the launch of the Cosmobeauté Malaysia Borneo Festival 2026 at the Sabah International Convention Centre (SICC) from May 25 to 26.
In a statement, Rafizi said that as a result, as much as RM243 million was misappropriated.

He said the schemes to misappropriate LCS funds using companies linked to the then deputy defence minister was no coincidence.

Advertisement
Rafizi said he has been demanding an explanation from then defence minister Ahmad Zahid Hamidi and then prime minister Najib Razak as it was “impossible” that any misappropriation of funds could happen without their knowledge.

“I hope today’s expose silences Umno and Barisan Nasional who have been trying to pin the blame on retired navy personnel.

Advertisement
“I also hope Perikatan Nasional leaders from Bersatu and PAS leaders realise the LCS issue will affect them as one of their top leaders and his family were directly involved in the companies that misappropriated funds meant for the LCS project.”

On Aug 8, Rafizi claimed he was in possession of leaked documents that gave the impression that a deal for the LCS was “pre-determined” even before the government signed its agreement with Boustead Naval Shipyard Sdn Bhd (BNS).

He said these documents, as well as the defence ministry and BNS’ dismissal of the navy’s views on the design of the ships, suggested political interference in the procurement of the ships.

The LCS project for the navy has come under scrutiny for its cost and delay in delivery after Putrajaya had spent RM6.08 billion but none of the six ships have been completed or delivered, according to Parliament’s Public Accounts Committee.
* Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates!

* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Advertisement
Share this story
Advertisement
Advertisement
Follow Us  
           
Daily Express News  
© Copyright 2026 Sabah Publishing House Sdn. Bhd. (Co. No. 35782-P)
close
Try 1 month for RM 18.00
Already a subscriber? Login here
Try 1 month for RM 18.00
open
Try 1 month for RM 18.00
Already a subscriber? Login here