Ling Liong Sik, a former Malaysian Transport Minister, has been charged as part of $1bn scandal linked to Port Klang Free Zone. Ling’s involvement was in persuading the government to spend an additional $227m on acquiring additional land for the Free Zone development.
Partly as a result of this, the final cost of the project has increased from $630m to $3.9bn, while external auditors have estimated that break even will not be achieved until 2051 and the Free Zone could well make losses until 2029.
