Green light given despite red flags

PUTRAJAYA: Despite red flags being raised, the previous government entered into an agreement with a company from China to construct two gas pipelines worth RM9.4bil that are now subject to investigations because of discrepancies with regards to the schedule of payments and work done.

Details from one of the red files in the Ministry of Finance (MoF) revealed that Suria Strategic Energy Resources Sdn Bhd (SSER), a company backed by the ministry, had approved payments amounting to a total of 87.7% of the project sum to China Petroleum Pipeline Bureau (CPPB).

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Business , guan eng


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