PAC finds many faults with 'flying car' project, including funding

KUALA LUMPUR: The "flying car" project received funding of RM20mil from the government despite it being touted as a private initiative project, says Parliament's Public Accounts Committee (PAC).

In a report tabled on Thursday (Nov 28) on the air mobility vehicle, the PAC said although the Entrepreneur Development Minister Datuk Seri Redzuan Mohd Yusof announced that the flying car project was a private-driven initiative, the Malaysian Industry-Government Group for High Technology (MIGHT) approved a sum of RM20mil for investment in Aerodyne Ventures Sdn Bhd (AVSB).