Malay Mail quoted Rafizi`s statement, saying he received this information from internal investigations into the LCS scandal and from cross-checking with the database of offshore companies in the Paradise Papers, a 2017 tranche of leaked confidential records related to offshore investments.
“My review shows that this scheme to divert public funds from the LCS project was made over many years and with full planning.
“I hope my revelation today shuts the mouths of Umno and Barisan Nasional members who tried to blame the navy retirees when this scandal exploded.
“A scandal of this magnitude cannot happen without a mastermind from the Umno leadership who made big decisions at that time, while the navy retirees only conspired to carry out the malpractices,” he said.
Rafizi added, the then Finance Minister Datuk Seri Najib Razak and then Defence Minister Datuk Seri Ahmad Zahid Hamidi should have known about this.
He also claimed to has viewed a report by Boustead Heavy Industries Corporation Bhd which reveals how LCS subcontractors had paid €43.69 million, equivalent to RM210 million, based on invoices from a French firm, but payments went to a Malta-incorporated phoney firm instead, Malay Mail reported.