UNDERLINING its firm stand against corrupt practices, Boustead Heavy Industries Corporation Bhb (BHIC) would like to confirm that a forensic audit was commissioned in February 2020 on the Littoral Combat Ship (LCS) Project which its associate Boustead Naval Shipyard Sdn Bhd (BNS) is undertaking.
The findings of the forensic audit, which had taken some seven months to complete, were handed over to MACC in September 2020.
“This stands testimony to the BHIC’s Group commitment in fighting corruption and bribery at all levels of the organisation and in all its business dealings. This is in line with its core corporate values of Belonging, Honour, Integrity and Commitment,” said BHIC chairman Tan Sri Datuk Seri Ramlan Mohamed Ali, who is a retired Chief of Navy.
The LCS Project contract, with a ceiling of RM9 bil, was awarded to BNS by the Government of Malaysia through Ministry of Defence (MINDEF) in 2011 to deliver six units of the ships to Royal Malaysian Navy (RMN).
When in service, the first-in-class warships – capable of undertaking complex missions and fighting in four dimensions of modern warfare, namely anti-air, anti-surface, anti-submarine and electronics – will considerably boost RMN’s capability to safeguard Malaysia’s maritime security and interests.
The BHIC Board underwent a major revamp in 2019 and 2020 to enhance corporate governance by appointing personalities known for their expertise in their respective fields.
BHIC reiterates that the company will extend its fullest cooperation to MACC and other authorities in any investigation on the LCS Project. It has had several discussions with MACC following the submission of the forensic audit report. – Nov 27, 2020
