Thursday 28 Mar 2024
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KUALA LUMPUR: Pembinaan PFI Sdn Bhd, a special purpose vehicle of the government, recorded a debt of RM2.66 billion for the financial year ended December 2013 (FY13), said Finance Minister Datuk Seri Najib Razak.

Pembinaan PFI was set up on Sept 28, 2006.

“The purpose of setting up the company is to obtain funds to pay for projects and programmes identified by the government.

“The audited financial accounts for Pembinaan PFI for the year ended December 2013, has been filed with the Companies Commission of Malaysia on March 4, 2015, and the total debt is RM26,609.6 million,” Najib told Parliament in reply to a question by Serdang Member of Parliament Ong Kian Ming.

Ong asked Najib yesterday why the financial accounts for the year 2013 had not been filed with the commission.

“The AG reported that at the end of 2013, RM18.6 billion from the original RM20 billion loan from EPF (Employees Provident Fund) had been spent by Pembinaan PFI.

“But the amount of actual spending on the projects listed in the AG’s report only came up to RM1.2 billion. Where did the rest of the RM17.4 billion spending go?” he queried when talking to reporters recently.

 

This article first appeared in The Edge Financial Daily, on April 2, 2015.

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