Malaysian Finance Minister Lim Guan Eng says seizure of funds from China's CPP not by his ministry

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Malaysian Finance Minister Lim Guan Eng says seizure of funds from China's CPP not from his ministry

KUALA LUMPUR - Malaysia's Finance Minister Lim Guan Eng said on Monday that his ministry did not issue any instructions to seize more than RM1 billion in funds from state-owned China Petroleum Pipeline Engineering . His comments followed a report by The Straits Times over the weekend that cited sources as saying the government had ordered the seizure.

"So, if there are any instructions of seizure, you should refer to the enforcement agencies. That's all I want to say," he added. The projects were a 600km multi-product pipeline along the west coast of peninsular Malaysia costing RM5.35 billion and a gas pipeline network in the East Malaysian state of Sabah costing RM4.06 billion.

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:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

China says will freeze out US companies that sell Taiwan armsBEIJING: China's government and Chinese companies will cut business ties with US firms selling arms to Taiwan, China's Foreign Ministry said on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »