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Former Malaysian PM Najib Razak and Defense Minister Zahid Hamidi Siphoned Billions of Dollars from Malaysian Navy’s Frigate Procurement Contract without Building any Ships.

The RM9 billion Malaysian Littoral Combat Ship (LCS) scandal is a massive defense procurement fraud in which billions were siphoned through shell companies and offshore accounts, resulting in zero ships being delivered despite vast payments. [...]
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Global Defense Corp broke the news on Sunday, May 17, 2026.
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