Multi-product Pipeline (MPP) and Trans-Sabah Gas Pipeline (TSGP) Contracts

Criminal Breach of Trust charges and money laundering issues, related to two gas pipeline projects by Suria Synergy Energy Resources Sdn Bhd (SSER) awareded to China Petroleum Pipeline Bureau (CPPB) for contract of RM9.4 Billion

Disclosure Timeline

05 Jul, 2018 - Ministry of Finance Media Release on SSER and ECRL (Lim Guan Eng, Minister of Finance)
Services & Operation Suspension Notice Issued for Suria Synergy Energy Resources (SSER) with a Construction Cost of RM9.4 Billion & East Coast Rail Link (ECRL) cost of RM81 Billion

Directly implicated: Suria Strategic Energy Resources Sdn Bhd , China Petroleum Pipeline Bureau

11 Jun, 2018 - MACC raids SSER offices, Lim blasts Najib for evading the real issues (FARIK ZOLKEPLI, The Star)
The Malaysian Anti-Corruption Commission (MACC) has raided the office of Suria Strategic Energy Resources Sdn Bhd (SSER), the company which awarded two pipeline projects worth RM9.4bil

Directly implicated: Suria Strategic Energy Resources Sdn Bhd , China Petroleum Pipeline Bureau

Notes

MPP and TSGP projects, with a total construction cost of RM9.4 billion, were awarded to China Petroleum Pipeline Bureau (CPPB). SSER was paid RM8.3 billion or 88% of the project’s construction value of RM9.4 billion, even though progressive work completion (that has not been audited) is only at 13%. These SSER contracts worth RM9.4 billion have not taken into account cost related to land acquisition, two expert consultancy agreements, and a maintanence agreement; comprising a total additional cost of RM1.7 billion.

Subitems

Ministry of Finance Media Release on SSER and ECRL (Issue Source)

MACC raids SSER offices, Lim blasts Najib for evading the real issues (Issue Source)