Najib govt bailed out crony firms using LTAT money: Loke

[superadmin]

KUALA LUMPUR – Army personnel can judge for themselves which government truly cared for their welfare, said Anthony Loke Siew Fook (Seremban-PH) as he accuses the former Barisan Nasional (BN) government of interfering in the Armed Forces Fund Board’s (LTAT) affairs. 

The former transport minister cited a Public Accounts Committee (PAC) report released today that detailed the then BN government’s plan in bailing out the concessionaires of the automated enforcement system (AES) in 2014 using LTAT.

Speaking in the Dewan Rakyat, Loke said an excerpt in the report had noted that the order for the RM555-million takeover was issued by then prime minister Datuk Seri Najib Razak (Pekan-BN), which confirms political interference at the highest level.

This is despite the deal having little to no benefit for LTAT, he added.

“The prime minister at the time used LTAT to pay two crony companies – ATES Sdn Bhd and Beta Tegap Sdn Bhd – which took the money without really leaving any assets for LTAT.

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