Malaysia investigates Chinese gas pipeline deals for fraud, possible corruption


Dateline 2018-06-07, Taiwan News:

Malaysia’s Anti-Corruption Commission has begun an investigation into two gas pipeline projects contracted to a Chinese company on suspicion of fraud and violation of contract terms.

Malaysia’s Finance Minister, Lim Guan Eng will head to Beijing to discuss the deals and other infrastructure projects with a mandate to potentially terminate some of the agreements, according to the Nikkei Asian Review.

Lim said that it was “highly suspicious” that around 88 percent of the cost of the two pipeline projects had been paid to the China Petroleum Pipeline Bureau (CPPB), despite only 13 percent of the work being done.

The Finance Ministry also alleges that the awarding of the contract did not follow protocol, leading to a case being filed by Malaysia’s Anti-Corruption Commission.

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This entry was posted on Friday, July 20th, 2018 at 6:45 am and is filed under engineering. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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