Wednesday October 7, 2009
Tiong’s plane ‘frozen’
KUALA LUMPUR: A luxury jet aircraft worth millions of ringgit and several other assets belonging to embattled Kuala Dimensi Sdn Bhd (KDSB) chief executive officer Datuk Seri Tiong King Sing have been frozen.
Police invoked a section under the Anti-Money Laundering Act (AMLA) to also freeze a luxury car as well as a plot of land said to be owned by Tiong.
The jet is one of two luxury aircraft — a Learjet 60 and a Gulfstream IV — registered with Wijaya Baru, the parent company of KDSB.
Sources said the order to freeze the asset transactions was served on Tiong yesterday as part of police investigations into Tiong’s Kuala Dimensi — the turnkey contractor for the construction of the controversial Port Klang Free Zone.
KUALA LUMPUR: Police have frozen transactions over a luxury jet aircraft worth millions of ringgit and several more properties and assets belonging to embattled Kuala Dimensi Sdn Bhd (KDSB) chief executive officer Datuk Seri Tiong King Sing.
It is learnt that police have invoked a section under the Anti-Money Laundering Act to (AMLA) also freeze a luxury car as well as a plot of land said to be owned by Tiong.
The jet is one of two luxury aircraft — a Learjet 60 and a Gulfstream IV — registered with Wijaya Baru, the parent company of KDSB.
Sources said the order to freeze the asset transactions was served on Tiong yesterday as part of police investigations into Tiong’s Kuala Dimensi — the turnkey contractor for the construction of the controversial Port Klang Free Zone — for possible fraud, unsubstantiated claims and overcharging amounting to close to RM1.6bil.
Both the police and the Malaysian Anti-Corruption Commission started investigating Tiong following reports by Port Klang Authority chairman Datuk Lee Hwa Beng following the findings of a special task force set up on June 10 to look into the legal and financial aspects of both the PKA and PKFZ.
The task force comprised Skrine partner Lim Chee Wee and PricewaterhouseCoopers advisory services managing director Chin Kwai Fatt, and senior executive director Lim San Peen.
Inspector-General of Police Tan Sri Musa Hassan confirmed that the police had frozen several properties of Tiong for investigation purposes but declined to elaborate.
Tiong, who is Bintulu MP and the Sarawak Progressive Democratic Party treasurer-general, had more than RM140mil in the account of Kuala Dimensi frozen early last month, also under AMLA
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