Malaysia suspends multi-billion dollar China-backed deals

Malaysia suspends multi-billion dollar China-backed dealsMalaysia said Thursday it has suspended three major China-backed projects worth billions of dollars, the latest big-ticket items to be axed by the new government as it reviews deals signed by ousted prime minister Najib Razak. The deals were among several Beijing-backed projects signed by scandal-hit Najib, who was unseated by his former mentor Mahathir Mohamad in elections last May. Finance Minister Lim Guan Eng said he had ordered the suspension of two pipeline deals and a 688-kilometre (430-mile) rail link worth a combined 90.4 billion ringgit ($22.35 billion).


Source: Yahoo! News

From highest office to high court: Malaysia gripped by Najib's downfall

  1. From highest office to high court: Malaysia gripped by Najib’s downfall  Reuters
  2. Malaysia’s Najib Pleads Not Guilty To Charges In 1MDB Graft Probe  International Business Times
  3. Malaysia’s Ex-Leader, Najib Razak, Is Charged in Corruption Inquiry  New York Times
  4. Najib Razak, Malaysia’s Fallen Leader, Is Arrested and Charged in 1MDB Scandal  Wall Street Journal
  5. Full coverage


Source: Google News

Malaysia's Najib pleads not guilty to charges in 1MDB graft probe

  1. Malaysia’s Najib pleads not guilty to charges in 1MDB graft probe  Yahoo News
  2. Malaysia’s Ex-Leader, Najib Razak, Is Charged in Corruption Inquiry  New York Times
  3. Former Malaysian Prime Minister Najib Razak charged with corruption  CNN
  4. Najib Razak, Malaysia’s Fallen Leader, Is Arrested and Charged in 1MDB Scandal  Wall Street Journal
  5. Full coverage


Source: Google News

Malaysia's Najib: from powerful PM to graft suspect

Malaysia's Najib: from powerful PM to graft suspectFrom prime minister of Malaysia two months ago to key suspect in a massive corruption scandal, Najib Razak’s stunning fall from grace has been swift and hard. Since his shock election defeat in May, Najib has faced a tightening noose as the new government headed by his former mentor Mahathir Mohamad ramped up investigations into allegations of graft and excess that have hung over him and his wife Rosmah Mansor for years. The bland patrician son of one of Malaysia’s founding fathers, Najib, 64, had been groomed for the prime minister’s post from young.


Source: Yahoo! News