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11 June 2018
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5 June 2018
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The StarVerified account @staronline
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KUALA LUMPUR: Finance Minister Lim Guan Eng today summoned former Treasury Secretary-General, Tan Sri Irwan Serigar Abdullah, and ex-prime minister, Datuk Seri Najib Tun Razak to explain the lopsided and dubious RM9.4 billion deal signed by Suria Strategic Energy Resources Sdn Bhd (SSER).
“The Board of Directors (of SSER) and Tan Sri Irwan Serigar in particular, must answer as to why SSER signed such a lopsided contract that clearly jeopardises the interest of the Malaysian people and government.
“In addition, we would seek the assistance of former Finance and Prime Minister, Datuk Seri Najib Razak, who has been active on Facebook recently, to explain how he could possibly approve the above transactions,” Lim said in a statement today.
He added that the government would seek the assistance of the China government to help trace the flow of funds in China, in order to investigate the possibility of money laundering.
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SSER is a wholly-owned Ministry of Finance subsidiary set up on May 19, 2016 with the specific intent to undertake the Multi-Product Pipeline (MPP) and the Trans-Sabah Gas Pipeline (TSGP) projects.
Both projects amounting to RM9.41 billion were awarded to China Petroleum Pipeline Bureau (CPPB), whereby negotiation was done solely by the Prime Minister’s Department, without involving Treasury officials.
According to Lim, the Attorney General’s Chambers have also confirmed that these contracts were signed despite numerous unanswered questions and red flags raised.
To-date, a total sum of RM8.25 billion constitutes a staggering 87.7 per cent of the total project value have been paid, despite an average completion rate of only 13 per cent, with another 2 years of the contracts to go, making it a highly suspicious and lopsided transaction. – Bernama
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Read more at https://www.thestar.com.my/business/business-news/2018/06/05/lim-summons-irwan-najib-to-explani-lopsided-sser-deal/#F49Qp0m6brjb5ZZU.99
Another day , another scandal . #SSER funding mechanism was similar to ECRL . 85% by china EXIM bank , the rest via sukuk issuance . Now FM Lim wants Irwan to answer why signed such a lopsided deal and seeks help from china to trace the money .
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The Finance Ministry says it has uncovered another multibillion ringgit scandal. Suria Strategic Energy Resources was paid RM8.3bil or 88% of the total value of two gas line projects when it had only completed 13% of the work. SSER is “by the same people behind SRC International”
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weehingthong 