LCS scandal: Up to RM890mil lost due to mishandling, says audit report


PETALING JAYA: Mismanagement and irregularities in the littoral combat ship (LCS) project could cause potential losses of RM890mil, the declassified forensic audit report indicates.

These losses were incurred by overlapping letters of award (LOAs), double claims, currency conversion, undelivered items, and alleged dummy payments to companies.

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