Friday November 6, 2009
Kong Choy wants to clear his name
PETALING JAYA: Former transport minister Tan Sri Chan Kong Choy has pledged to return home and clear his name after the Public Accounts Committee (PAC) wants him probed for alleged criminal breach of trust over the Port Klang Free Zone project.
“I am currently overseas and will return to the country soon. I hope this brief statement will clarify any unnecessary speculation,” he said in a press statement yesterday.
Chan stressed that he was prepared to cooperate with the relevant investigative authorities to provide further clarification and assistance.
The PAC in its report released in Parliament on Wednesday, recommended that the Malaysian Anti-Corruption Commission or the police investigate Chan and former Port Klang Authority general manager Datin Paduka O.C. Phang.
Chan was said to have signed three letters of support to get a favourable rating from an agency for the issuance of bonds to raise money for PKFZ developer Kuala Dimensi Sdn Bhd.
The PAC report stated that the issuance of bonds was improper as it led to the Government suffering huge losses as the funds acquired under the Government’s guarantee were not fully utilised to implement the project.
Chan said it was imperative he clarified the matter again although he had briefed the PAC on July 29.
“When I assumed the post of transport minister on July 1, 2003, the purchase of the land for PKFZ was completed.
“During my tenure as transport minister, I had on several occasions, including parliamentary proceedings, given detailed explanation with regards to the three letters of support issued.
“It is utmost unfortunate that this matter has been raised again,” he said.
Chan added that he had stated in the July 29 PAC inquiry that the three letters of support he signed were not “guarantee letters”. “This is also the opinion given by a senior Malaysian counsel and a renowned Queen’s Counsel.
“I signed the letters based on my sincere belief that they were in fact letters of support,” he said.
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