Malaysia draws China link to huge financial scandal

Malaysia draws China link to huge financial scandalMalaysia’s ousted leader has denied wrongdoing over a $ 2.4 billion China-backed pipeline deal after the new government said the project was “highly suspicious” and linked it to a massive financial scandal. A company owned by Malaysia’s finance ministry signed the 9.4-billion ringgit deal in 2016 for a Chinese state-owned company to build a gas pipeline and an oil pipeline. Najib Razak — toppled in elections last month — was prime minister at the time, and battling allegations billions of dollars were looted from sovereign wealth fund 1MDB.



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