Malaysia seized US$240 million from Chinese company over pipeline project: PM Mahathir

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

KUALA LUMPUR: Malaysia seized more than 1 billion ringgit (US$243.5 million) from a bank account of state-owned China Petroleum Pipeline ...

"I understand that money for 80 per cent of the pipeline was paid, but the work completed was only 13 per cent," Mahathir told reporters."So the government is entitled to get back the money, since the project was cancelled."

In 2016 CPP won a contract from the government of former prime minister Najib Razak to build a 600km petroleum pipeline along the west coast of peninsular Malaysia and a 662km gas pipeline in Sabah, the Malaysian state on Borneo island. Mahathir had vowed to renegotiate or cancel what he calls"unfair" Chinese projects authorised by Najib, straining ties with Malaysia's biggest trading partner.Malaysia and China this year agreed to resume a multibillion-dollar rail project after shaving off nearly a third of its cost to 44 billion ringgit.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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 ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »