Mindef: Land swap losses due to political interference and more | TheStarTV.com

Mindef: Land swap losses due to political interference and more

Published on 9 May 2019 4:37:55 PM

The final report of the Governance, Procurement and Finance Investigating Committee's probe on 16 land swap deals involving the Defence Ministry's real estate revealed that lower valuation than market price, weaknesses in contract management and interference for political interests were among the reasons the ministry suffered losses of more than RM500mil.

Keywords
defence, land, mat sabu, mindef, ministry, swap

The final report of the Governance, Procurement and Finance Investigating Committee's probe on 16 land swap deals involving the Defence Ministry's real estate revealed that lower valuation than market price, weaknesses in contract management and interference for political interests were among the reasons the ministry suffered losses of more than RM500mil.

Keywords:
defence, land, mat sabu, mindef, ministry, swap

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