PKR deputy president Rafizi Ramli today claimed that an associate of former premier Najib Abdul Razak had effectively ceded the Armed Forces Pension Fund (LTAT)'s control over the littoral combat ship (LCS) project to a foreign company despite holding a majority stake.

However, former LTAT chief executive officer Lodin Wok Kamaruddin, as then Boustead Heavy Industries Corporation (BHIC) chairperson, said he failed to recall the board's decision supposedly made in August 2010.

Rafizi said even though Contraves Advanced Devices Sdn Bhd (CAD) and Contraves Electrodynamics Sdn Bhd (CED) were associate companies of LTAT, control over decisions was...