Former Malaysian PM denies wrongdoing over projects with China
Former Malaysian Prime Minister Najib Razak has denied any wrongdoing over the two gas pipeline projects worth 9.4 billion ringgit (2.36 billion USD) with China.
Former Malaysian Prime Minister Najib Razak. (Photo: Reuters)
Kuala Lumpur (VNA) – Former MalaysianPrime Minister Najib Razak has denied any wrongdoing over the two gas pipelineprojects worth 9.4 billion ringgit (2.36 billion USD) with China.
Malaysian Finance Minister Lim Guan Eng said theministry discovered that 88 percent of the money has been paid out for theprojects but only 13 percent of the work has been completed.
The projects were signed in 2016 by Malaysia’sSuria Strategic Energy Resources (SSER) and China Petroleum Pipeline Bureau(CPPB).
Lim said based on the highly suspicioustransactions above, he had instructed his subordinates to file a report to theMalaysian Anti-Corruption Commission last week.
The casehas also been reported to Prime Minister Mahathir Mohamad.
OnJune 5, Malaysian anti-corruption investigators questioned the wife of formerPrime Minister Najib Razak about the 1MDB state investment fund. The fund was initiatedby Najib in 2009 for socio-economic development through global partnership andforeign direct investment, but it has become the centre of a scandal involvingthe loss of 3.7 billion USD.
When taking office, PM Mahathir Mohamad vowed to fight corruptionand reclaim the loss.-VNA
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Former Malaysian Prime Minister Najib Razak. (Photo: Reuters) 
