Saturday, 19 January, 2019

Ex-Goldman Sachs banker denied bail in Malaysia pending United States extradition

China offered to help kill investigations into 1MDB: report Malaysia to scrutinise China contracts after report of inflated deals struck to cover 1MDB debt
Kenny Thornton | 09 January, 2019, 23:39

Meanwhile, The Wall Street Journal, in its review of the minutes from a series of previously undisclosed meetings, had reported that senior Chinese leaders had offered in 2016 to help bail out a Malaysian government fund in return for lucrative stakes in railway and pipeline projects under its "One Belt, One Road" programme of building infrastructure overseas.

China also denied WSJ's allegation that some Chinese leaders had offered to bail out 1MDB in return for lucrative contracts in 2016.

"We promote the Belt and Road initiative under the principles of wide consultation, joint contribution and shared benefits, with an aim to pursue shared development and prosperity", it said.

Besides the cancelled China-backed projects, he pointed out that China's tighter currency control measures had also made it extremely hard for capital to leave China and be invested in Malaysia.

"With the likelihood that the respondent will abscond, I am of the considered view that the respondent's presence (in court) can not be secured by the setting of bail or the setting of any condition to the granting of bail", he said.

The WSJ reached out to the Chinese government information office for a comment on the story but has yet to receive an answer. Chinese negotiators should were offered, Najib in addition to influence U.S. investigations against Ex-Prime Minister.

Woodland stays in front with a big putt at Kapalua
My best round of the year [in 2018] was Bay Hill and I always go back to that and I should have learned from that. It stayed out to the right, he hit a pitch-and-run to 10 feet and missed the putt.

Low, who is reported to be living in China, has consistently denied any wrongdoing.

Other than that, the ex-PM is also charged with altering report on government audit for protecting himself from criminal, civil or regulatory action.

Goldman's role is under scrutiny as the Wall Street titan helped arrange $6.5 billion in bonds for 1MDB, with Kuala Lumpur accusing the bank and its former employees of misappropriating billions of dollars. That includes the Sabah gas pipeline project awarded to China Petroleum Pipeline Bureau and overseen by Suria Strategic Energy Resources, which has had its office raided by the anti-graft agency.

Prime Minister Tun Dr Mahathir Mohamad shakes hands with China's Premier Li Keqiang at the end of a news conference at the Great Hall of the People in Beijing August 20, 2018. China Communications Construction Co. was picked as the main contractor for the railway aimed to connect the eastern part of Peninsular Malaysia.

This included surveilling WSJ reporters in Hong Kong who had been investigating 1MDB, the Journal reports, including by "full scale residence/office/device tapping, computer/phone/web data retrieval, and full operational surveillance." . "We do not accept any groundless accusations made against China", the embassy added.

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