PM confirms Putrajaya seized RM1 billion from China company

Alfian Z.M. Tahir

Prime Minister Dr Mahathir Mohamad feeding fish at the venue of Bersatu's supreme council meeting today. He says the government is entitled to get money back for unfinished work on a cancelled project. – The Malaysian Insight pic by Seth Akmal, July 15, 2019.

PUTRAJAYA did indeed seized more than RM1 billion from China Petroleum Pipeline Engineering Ltd (CPP) after a RM9.41 billion pipeline project was scrapped, Prime Minister Dr Mahathir Mohamad said today.

He said the China-based company had completed only 13% of the project but taken 80% of the money from the government as payment.

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  • Mahathir is Mahathir. Good argument. Clear, logical and reasonable.

    Posted 2 years ago by James Wong

  • BossBodohKu care to comment why and how on earth was payment made up to 80% of tax payers money where the progress of the project delivered at 13%, which business rule was this applied??

    Posted 2 years ago by Teruna Kelana