The declassified report “Review of the LCS Programme” is from a forensic audit by Boustead Heavy Industries Corporation into the late delivery of navy frigates in the RM9 billion littoral combat ship project.
BHIC is the controlling shareholder of Boustead Naval Shipyard, which has the contract to build six frigates for the navy.
The report, which has been made public, names Latiff as the spouse of a woman named Zainab Mohd Salleh. He was also named as a director of a company. However, it is not known which company, as the report contains redactions.
The report lists Zainab’s shareholdings in four companies, one of which is registered in Malta, and two others in Labuan.
It said Alizes Marine Ltd was registered in two places, Malta and Labuan, under the same name. Both are offshore companies.
The report said: “It is important to note that in both cases, Zainab appeared to be a common link in dubious transactions as listed below.” However, the following page of the report was heavily redacted.
Earlier today, PKR deputy president Rafizi Ramli had said that one “Zainab Mohd Salleh” was the owner of two companies that had siphoned the funds from the project.
He claimed that the companies were appointed as technical consultants and suppliers of spare parts and sent invoices for work that was never done.
Offshore companies involved
The audit report also mentioned Alizes Marine Ltd, a French company that was registered with the same name in Labuan and Malta as two offshore companies, Alizes Marine Ltd Labuan and Alizes Marine Ltd Malta.
The two offshore companies were mentioned by Rafizi earlier today who said that these companies were used to siphon off funds from the LCS project.
According to the audit report, Alizes Marine Ltd Labuan was registered on Feb 18, 2011, and was struck off somewhere during 2019 and did not exist as of the date of the report, which was prepared in July 2020.
Alizes Marine Ltd Malta was registered on April 18, 2011, and went into liquidation on Feb 4, 2014, the report said.
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