Finance Minister Lim Guan Eng today said that his ministry did not order the seizure of US$243.25 million (RM1 billion) from a local bank account belonging to the China Petroleum Pipeline Engineering Ltd (CPP).
"I would like to say that the Finance Ministry and myself as minister did not issue any instruction on the seizure.
"If there are any (questions on) instructions of the seizure, you should ask the enforcement agency," he told reporters at the Parliament lobby.
On Saturday, the Straits Times reported that Malaysia has seized the money from the account of the Beijing-owned firm.
The move comes nearly a year after the government suspended two CPP-led pipeline projects valued at US$2.3 billion (RM9.45 billion).
According to the Straits Times, Putrajaya ordered HSBC to transfer the funds held in the Chinese firm's account to Suria Strategic Energy Resources, which is wholly-owned by the Finance Ministry.
The report also said CPP was perplexed by the alleged unilateral transfer of funds out of its account without notification.
Since coming into power, the Pakatan Harapan government has moved to cancel several China-backed megaprojects approved during the Najib Abdul Razak administration, including the two pipeline projects. - Mkini
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