KUALA LUMPUR: Some RM1.4bil in government allocations for the multi-billion-ringgit Littoral Combat Ship (LCS) project was used for other purposes, including cost overruns, says the Parliament's Public Accounts Committee (PAC).
This was among the findings contained in the bi-partisan committee's 250 page report that was tabled in the Dewan Rakyat on Thursday .
"Payments made by the government to Boustead Naval Shipyard Sdn Bhd were not fully utilised for the LCS project," PAC chairman Wong Kah Woh told reporters in Parliament's media centre on Thursday . He said a witness had testified that RM400mil was used to repay prevous debts incurred under the New Generation Patrol Vessel project.
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