LGE justifies RM1bil seized from CCP, says it was company-specific

“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.

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:

staronline /  🏆 4. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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.
Read more »

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.
Read more »

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.
Read more »