PARLIAMENT | The government had indirectly, and unnecessarily, bailed out two firms that rolled out the automatic enforcement system (AES) traffic cameras in 2012, according to the Public Accounts Committee's latest report.

The report, which was tabled in Parliament today, said that the government, through the Armed Forces Fund Board (LTAT) had RM555 million in 2015 to acquire the two AES contractors - Ates Sdn Bhd and Beta Tegap Sdn Bhd.

This was despite audit firm KPMG's valuation of just RM251 million for the two firms. KPMG was engaged to do so by the Finance Ministry in 2013 as part of a due diligence process...