Malaysia probes claim China offered to bail out 1MDB 0 SHARES Share it! Share TweetBy Agence France-PresseMalaysia said Tuesday it was investigating claims China offered to help bail out scandal-hit state fund 1MDB and get foreign probes into the controversy dropped in return for securing infrastructure deals. Within months, the government in Kuala Lumpur signed billions of dollars worth of deals with Chinese state companies backed by funding from Chinese banks. The Chinese government information office did not respond to requests for comment, the Wall Street Journal said. China’s foreign ministry has previously denied money from its infrastructure programme was used to bail out 1MDB, it said.

Source: Manila Bulletin January 08, 2019 07:18 UTC