1MDB trial raises questions over ECRL
FocusM | 06 Sep 2019 00:30
An admission by a witness in the trial of former prime minister Datuk Seri Najib Razak over 1MDB has raised serious questions over the East Coast Rail Link (ECRL) project.
Reports quoting the wit- ness, Najib’s former special officer Datuk Amhari Efendi Nazaruddin, said a slew of mega projects was discussed with China over a bailout plan for 1MDB, where accusations had been made that billions of ringgit went missing.
The projects include the Multi-Product Pipeline and Trans-Sabah Gas Pipeline, which have been terminated, and ECRL, which has been renegotiated. Others mentioned included a proposed Bangkok-Kuala Lumpur high-speed rail, and the development of the Federal Territory of Labuan into an offshore banking and tourism hub.
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