Rafizi: Phoney firm siphoned RM192m from LCS project 1MDB style

An internal investigation by Boustead Heavy Industries Corporation Bhd on the littoral combat ship (LCS) project had alleged that RM192 million was siphoned off.

This was revealed by PKR deputy president Rafizi Ramli today, who claimed to have sighted the investigation report. That report was not shared with the press.

According to Rafizi, the report found that LCS subcontractors had...