Lee Heng Guie: Public procurement, which involves large sums of spending money, is highly vulnerable to procurement fraud and corruption. Among the types of procurement fraud are conflict of interest, bid-rigging, and awarding contracts to unqualified contractors and rent seekers and cronies.
THE news flow that a syndicate has monopolised government projects through tenders/quotations worth more than RM3.8bil since 2014 until now is mind-boggling.
The failings uncovered in the public procurement system may be the “tip of the iceberg” and calls for the government to expedite public procurement reforms.
