Ambrin: Losses in publicly funded projects due to graft

Tan Sri Ambrin Buang delivering his closing remarks at the Open Government Partnership Conference at Sunway Putra Hotel Kuala Lumpur.

KUALA LUMPUR: Mismanage­ment and corruption in publicly funded construction projects have caused potential losses of up to 30% of a project’s investment value, according to the Auditor-General.

Tan Sri Ambrin Buang said a study by the Organisation for Economic Co-operation and Development (OECD) and the World Bank showed how corruption in the infrastructure and extractive sectors had led to misallocation of public funds and services that were substandard and insufficient.