China offered to help kill investigations into 1MDB: report In return, Malaysia offered stakes in pipeline and railway projects
Former Malaysian Prime Minister Najib Razak and Chinese official Xiao Yaqing (Credit: Getty Images)
In 2016, Chinese leaders offered to help bail out 1MDB, the controversial Malaysian state fund that was at the center of a billion-dollar scandal, according to a new report.
China offered to use its influence to persuade the U.S. and other countries to drop their investigations into the fund and then-Prime Minister Najib Razak, the Wall Street Journal reported on Monday. It further offered to bug the offices and homes of Journal reporters reporting on the fund and leak information, according to the newspaper.
In 2015, it was reported that $681 million of funds originating with 1MDB — formally 1Malaysia Development Bhd. — went to Mr. Najib’s personal bank accounts, masterminded by an alleged playboy conman named Jho Low. Najib’s office said the money was a gift from a Saudi Arabian and most of it was retur上海龙凤论坛sh1f