RM13.4mil loss traced to unilateral forex decision by ex-MD

PETALING JAYA: A decision by Tan Sri Ahmad Ramli Mohd Nor to pay for the purchase of parts of the littoral combat ships (LCS) in euros instead of the ringgit cost Boustead Naval Shipyard Sdn Bhd (BNS) a net loss of RM13.4mil.

Ahmad Ramli was the former managing director of Boustead Heavy Industries Corp Bhd (BHIC) and ex-chairman of BNS, a unit of BHIC.