COMMENT | In February 2009, the then transport minister Ong Tee Keat made public the findings of an independent report on the Port Klang Free Zone (PKFZ) scandal by PricewaterhouseCoopers (PwC).
The report was scathing. Among others, fingers were pointed at previous boards of directors, some of whom had served for several terms, and were sighted for failing to exercise oversight and adequate governance over the implementation of the project.
When former Port Authority of Klang (PKA) general manager M Rajasingam, who was then a member of the board, proposed that action be taken against previous directors of the Port Klang Authority for dereliction of fiduciary duties, the board deferred its decision.