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Malaysia seizes US$240m from CPP's bank account
An honorable member of the Coffee Shop Has Just Posted the Following:
Malaysia has seized more than RM1bil (US$243.25mil) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), the Straits Times newspaper said on Saturday. The seizure comes nearly a year after Malaysia suspended two pipeline projects, valued at US$2.3bil, on which CPP was the lead contractor. The Malaysian government this month ordered HSBC to transfer the funds held in the Chinese firm's account to Suria Strategic Energy Resources, which is wholly owned by the... Malaysia seizes US$240m from CPP's bank account Click here to view the whole thread at www.sammyboy.com. |
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