Lodin Wok Kamaruddin

At a press conference today, C4 founding director Cynthia Gabriel said the NGO will send a memorandum to the commission soon to mount pressure on the graft buster to nab those behind the alleged embezzlement.

"Lodin (above) has escaped investigation but he is everywhere," she said, adding that Lodin held positions in seven government entities and government-linked companies (GLCs), of which some were involved in the LCS procurement process.

"As the then chief executive officer of LTAT and director of Perimekar, Lodin oversaw the transfer of (alleged) illegal funds into Perimekar’s account. A total of 20 percent of Perimekar’s shares at that time were owned by Boustead Holding Berhad (BHB), of which Lodin was group managing director since 1991.

"He was also the Boustead Heavy Industries Corporation Bhd (BHIC) executive chairperson until he relinquished all the stated positions in 2018," she said.

Apart from that, Lodin was also the then chairperson of Boustead Naval Shipyard (BNS), the Defence Ministry's contractor for the construction of six frigates under the LCS programme. BHIC controls a 27.77 percent stake in BNS.

"Lodin also formerly occupied the board of directors and the chairperson role of Affin Bank – the same bank used by Perimekar. More importantly, BNS had promised all of its rights and future income to Affin Bank as collateral for obtaining a huge loan, with the properties affected valued at almost RM 6 billion.

"Affin Bank itself is part of the same group as many of the above-mentioned companies; LTAT owns 33.08 percent of Affin’s shares, while Boustead Holdings owns 20.85 percent of them,” Gabriel said.  She pointed out that Lodin was also implicated in two other scandals, namely 1MDB and the Scorpene submarine deal. "We have no problem sending a memorandum to MACC, but we are concerned about the lack of action and silence from them," she said.

‘Only one person charged’

Meanwhile, C4 research director Bryan Cheah said MACC must explain why it has not opened investigations into key figures involved in the LCS scandal, including Lodin, former prime minister Najib Abdul Razak and former defence minister Ahmad Zahid Hamidi.

Turnedback : To ensure that the MACC to act effectively, Rakyat must give strong support to vote PH to become our government again and appoint Latifa Koya as MACC head.

Hmmmmmmmm : I have absolutely no faith in the MACC especially when it's own head's name has not been satisfactorily cleared.

Sealthedeal : The MACC are failing to bring the major perpetrators to book. All of them held ministerial positions in the UMNO government. The tail of 2 wives saga has not been addressed satisfactorily either. 

We can only assume that they are under political pressure to stall and therefore corrupt. The opposition will bang this drum rightly in the run up to GE15. Azam has already been discredited and any new administration should investigate him and his brother on the share proxy issue. 

They should also investigate why he is apparently protecting the high profile individuals in the LCS scandal. The MACC is failing in their duty to the Rakyat. Outrageous.

apanama is back : Centre to Combat Corruption and Cronyism (C4), while former BNS managing director Ahmad Ramli Mohd Nor is touchable, the other four namely former Armed Forces Pensions Fund (LTAT) chief executive Lodin Wok Kamaruddin, former prime minister Najib Abdul Razak, former defence minister Ahmad Zahid Hamidi and not to forget current Minister in the Prime Minister's Department for Special Functions Abdul Latiff Ahmad are UNTOUCHABLE! 

I strongly suggest to you NOT to send the memorandum to MACC at the moment. Wait for the GE15 over and if Harapan forms the government there will be NEW head for MACC. You yourself being suspicious that MACC will not take actions and will remain silence. On the lighter note, I am still waiting for Latiff to confirm his second wife name. This is also a feet dragging case for me.

Anon25 : It is amazing. He was everywhere. How did he find the time to be in so many places?

apanama is back : Najib is also everywhere in 1MDB. Lodin is his associate. So it is "Kepimpinan Melalui Teladan"! For Lodin, Najib is "contoh yang baik".