Putrajaya responds to WSJ exposé on 1MDB-China links

In response to the Wall Street Report that alleged former prime minister Najib Razak had signed major deals with China in return for a bailout for 1MDB debts and investigations from a number of countries, Finance Minister Lim Guan Eng said that the government will examine China-linked projects more closely for elements of corruption.

Lim also said that he had now been aware of the matters raised in the WSJ report, that cite minutes of meetings held between Malaysia and China prior to the siging of the East Coast Rail Link (ECRL) and the Sabah pipeline deals. 

“We knew that the price is inflated, but whether there was such a deal, I have to check. I would be interested to have a copy of those minutes by WSJ,” said Lim, as quoted by Malay Mail.

He noted that the two Sabah pipeline projects that had been almost fully paid off despite the lack of work completed had been terminated.

“I have to refer back to any details explicitly said. If it was said in black and white, then it is something we will pursue,” he said.