Remember my yesterday's post Wow, can Finance Ministry act in such a confiscating way? about
Malaysia seizing China Petroleum Pipeline Engineering Ltd’s RM1 billion funds?
Well, read this:
From FMT:
I didn’t instruct any seizure of funds, Guan Eng says on RM1 bil transfer from China company
From FMT:
I didn’t instruct any seizure of funds, Guan Eng says on RM1 bil transfer from China company
KUALA LUMPUR: Finance Minister Lim Guan Eng today denied instructing the transfer of over RM1 billion from the Malaysian bank account of a Chinese state-owned company to that of a company owned by the finance ministry.
“I would like to clarify that the finance ministry and I have not issued any instructions on seizure.
“If there is any such instruction, you should refer to the enforcement agencies,” he told reporters in Parliament.
It was previously reported that global banking giant HSBC was told on government orders to transfer more than RM1 billion held in the Malaysian account of China Petroleum Pipeline (CPP) Engineering Ltd to Suria Strategic Resources Sdn Bhd, which is wholly owned by the finance ministry.
The Straits Times newspaper in Singapore described the seizure and transfer of funds by the Malaysian authorities as “an unprecedented move in Malaysian banking”.
The Chinese company is the main contractor for the 660km peninsular west coast pipeline, a project costing RM5.35 billion, and a Sabah gas pipeline costing RM4.06 billion. Both projects have been suspended by the Pakatan Harapan government.
The news report said CPP had confirmed that the funds were transferred out. “CPP firmly abides by the laws of Malaysia and is perplexed by the unilateral transfer of monies without notifying CPP,” it said.
HSBC, however, declined to comment.
whats wrong with the seizure? its ccp modus operandi. what we need is just an excuse, lge is good at that.
ReplyDeleteSo lge is calling the shots!
DeleteWow!
The mom/kt is lauging for their right tea leaves reading.
The mamak is tearing his hair out.
The blurred Sarawak pkr head, as usual is still blurred.
& U?
Another throwing rock to aim at CCP!
Wakakakakakakaka
ReplyDeleteI'm pretty sure the Rules of Laws were followed in the seizure and transfer of the illegal funds. The reasons and who authorized it will come in due course.
Now, everyone, companies etc involved in 1 MDB scandal are trembling in anticipation of who is next. And that includes paid and hired bloggers using 1 MDB illicit funds as well as the Pak Haji's political donations.
Why should foreign investors/companies or foreigners or other Malaysian individual or companies fear, if they are not part of this 1 MDB worldwide kleptocratic scandal?
You just can't win or fight against Ceasar when he has crossed the Rubicon with his Legions and Praetorian Guards and march into Putrajaya.
It's a choice of fleeing or joining him to say "Hail Ceasar. Long live Ceasar".
Wakakakakakakaka