News Formal

‘I didn’t order seizure of China company funds’

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: Lim Guan Eng has denied ordering the seizure of over RM1 billion from a Malaysian bank account of a Chinese state-owned company and tran...

: Lim Guan Eng has denied ordering the seizure of over RM1 billion from a Malaysian bank account of a Chinese state-owned company and transferring it to a company owned by the Finance Ministry.

“I would just like to say that the Ministry of Finance and myself, we did not issue any instructions of seizure . It said the order was issued to HSBC earlier this month to transfer the funds held in CPP’s account in Malaysia, to a company wholly-owned by the ministry, Suria Strategic Energy Resources Sdn Bhd .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Guan Eng: Neither I nor Finance Ministry ordered seizure of RM1bil from CPP’s bank accountsKUALA LUMPUR: The Finance Ministry did not issue any instructions to seize more than RM1bil in funds from state-owned China Petroleum Pipeline Engineering Ltd (CPP), says Lim Guan Eng.
Source: staronline - 🏆 4. / 75 Read more »

Not my orders, Guan Eng says on RM1 bil transfer from China companyThe finance minister says neither he nor his ministry issued any such instruction. FMTNews LimGuanEng China
Source: fmtoday - 🏆 5. / 72 Read more »