Transparency International Malaysia (TI-M) questioned the lack of accountability after it was announced the Finance Ministry set up a special purpose vehicle (SPV) to take over the company contracted to build six littoral combat ships (LCS) for the Royal Malaysian Navy (RMN).

It said while it understood Prime Minister Anwar Ibrahim’s rationale in attempting to ensure the completion of the RM9 billion project which was contracted to Boustead Naval Shipyard (BNS) in 2011, there were many questions the government needed to answer...