“The action is company-specific and not country-specific,” he said when answering a question raised by Chan Foong Hin in Parliament on Wednesday .
He added that negotiations were still on-going with the company on the recovery efforts, with the actual amount to be determined after a due diligence exercise. On Monday , Prime Minister Tun Dr Mahathir Mohamad said the government was entitled to recover the money after the project was shelved.
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Lim: Finance Ministry did not order RM1bil seizureTHE Finance Ministry did not order the seizure of over RM1bil in funds from state-owned China Petroleum Pipeline Engineering Ltd (CPP), says its Minister Lim Guan Eng.
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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.
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PM confirms Putrajaya seized RM1 billion from China company | The Malaysian InsightWe are only taking money back for parts of project that were unfinished, Dr Mahathir explains.
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