themalaysianinsider
KUALA LUMPUR, Oct 7 — Several more properties and assets belonging to embattled Kuala Dimensi chief executive Datuk Seri Tiong King Sing and worth millions of ringgit, including a luxury jet, have been frozen by the police.
The police are believed to have invoked a section of the Anti-Money Laundering Act to freeze the properties owned by Tiong.
Sources said the order to freeze the assets and property was served on Tiong yesterday as part of police investigations into alleged irregularities in the development of the Port Klang Free Zone (PKFZ) transhipment hub.
Kuala Dimensi, the turnkey contractor for the construction of PKFZ, has been sued by the new management of the Port Klang Authority, which owns PKFZ.
Tiong, who is MP for Bintulu and treasurer-general of the Sarawak Progressive Democratic Party, will be allowed to use the aircraft and some of his assets, but he cannot sell or lease them to anyone, pending the investigations.
PKFZ was built to attract new investments to Malaysia, but it has been dogged by controversy over the price paid for the land used for the project, a massive cost overrun and management issues.
The scandal looms as the biggest challenge to Prime Minister Datuk Seri Najib Razak's administration, as it appears to implicate top-level politicians, including former ministers and Umno politicians. — The Straits Times
KUALA LUMPUR, Oct 7 — Several more properties and assets belonging to embattled Kuala Dimensi chief executive Datuk Seri Tiong King Sing and worth millions of ringgit, including a luxury jet, have been frozen by the police.The police are believed to have invoked a section of the Anti-Money Laundering Act to freeze the properties owned by Tiong.
Sources said the order to freeze the assets and property was served on Tiong yesterday as part of police investigations into alleged irregularities in the development of the Port Klang Free Zone (PKFZ) transhipment hub.
Kuala Dimensi, the turnkey contractor for the construction of PKFZ, has been sued by the new management of the Port Klang Authority, which owns PKFZ.
Tiong, who is MP for Bintulu and treasurer-general of the Sarawak Progressive Democratic Party, will be allowed to use the aircraft and some of his assets, but he cannot sell or lease them to anyone, pending the investigations.
PKFZ was built to attract new investments to Malaysia, but it has been dogged by controversy over the price paid for the land used for the project, a massive cost overrun and management issues.
The scandal looms as the biggest challenge to Prime Minister Datuk Seri Najib Razak's administration, as it appears to implicate top-level politicians, including former ministers and Umno politicians. — The Straits Times
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