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Finance Ministry suspends funds for multi-billion ringgit flood mitigation initiatives pending evaluation of direct nego contracts

PUTRAJAYA, Dec 6 — The Finance Ministry (MOF) has been ordered to pause channelling funds for RM7 billion out of the RM15 billion flood mitigation initiatives introduced by the earlier Ismail Sabri administration.

Prime Minister Datuk Seri Anwar Ibrahim, who can also be answerable for the finance ministry portfolio, informed reporters as we speak that he gave the suspension order to conduct a full evaluation of contracts that had been awarded by way of direct negotiations, for potential procedural breaches.

“I’ve requested for the matter to be discontinued and subsequently reviewed so there may be transparency.

“It’s not a small sum and issues come up when guidelines aren’t adopted and there exist alternatives to be taken benefit of,” he informed a press convention right here after clocking in to the Finance Ministry for the primary time.

Anwar mentioned MOF officers had briefed him that some RM7 billion out of the RM15 billion allotted had been accredited and awarded with out present process tender.

The federal authorities’s flood mitigation challenge 2030 had been introduced by the earlier finance minister Datuk Seri Tengku Zafrul Abdul Aziz in October in the course of the tabling of Finances 2023 as a part of Malaysia’s a long-term technique to take care of local weather change.

Anwar mentioned the potential breaches have been regrettable, however expressed his gratitude to senior MOF officers for elevating the matter to his consideration.

“They will declare the allocations are ‘clear’, however they’re most undoubtedly not after we talk about approvals which works in opposition to typical guidelines,” he mentioned, probably referring to his critics, although he didn’t identify anybody.

Anwar additionally mentioned he will likely be taking a really shut have a look at all cash stream within the authorities, together with these sourced from gaming income, now that he’s finance minister.

“We are going to scrutinise the alleged breaches or leakages. Do not be too hasty as a result of now I’m the finance minister. I’ve the information with me,” he mentioned when requested to touch upon PAS secretary-general Datuk Seri Takiyuddin Hassan’s demand for the PM to show that Perikatan Nasional’s common election marketing campaign had been funded with playing cash.

Takiyuddin had threatened authorized motion in a press release yesterday if Anwar couldn’t furnish proof.

Anwar additionally confirmed that Finances 2023 will likely be tabled in Parliament for its second studying in January 2023, on the earliest.

A two-day Parliament sitting is scheduled for December 19 and 20 for the tabling of the emoluments funds, the swearing-in ceremony of Members of Parliament, the election of deputy Dewan Rakyat Audio system, in addition to a vote of confidence on the prime minister.

Beforehand, Finances 2023 was tabled on October 7 by then finance minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz with a complete allocation of RM372.3 billion, however Parliament was dissolved three days later to make means for the fifteenth common election held on November 19.

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