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Malaysia probing whether China offered to bail out 1MDB

Bloomberg
Bloomberg • 4 min read
Malaysia probing whether China offered to bail out 1MDB
SINGAPORE (Jan 9): Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled sta
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SINGAPORE (Jan 9): Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled state fund in 2016.

The government is unaware of the discussions detailed in the Journal report, which cited minutes from meetings the newspaper reviewed, and is examining the matter, said Finance Minister Lim Guan Eng. The cost of China-backed projects was certainly enlarged and Malaysia will check whether that was due to 1MDB links, Lim said near Kuala Lumpur on Tuesday.

“But I have to refer back to see if there are details or things explicitly said,” he said, adding that the government is looking through records. “If this is said, this is something we will pursue.”

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