China investment served as 1MDB bailouts

China investment served as 1MDB bailouts

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak roped in his then aide, Amhari Efendi Nazaruddin to be involved in China-Malaysia investment talks so that those investment can serve as a bailout from 1MDB, said Amhari.

“As shown by Jho (Low) through talking points and action plan to me, the agreement and venture (between Malaysia and China) are meant to be an investment that would help repay 1MDB debts (bailout) such as the debt to IPIC.

“I can also confirm that my visit to China (in 2016) was only known by Jho Low and Najib,” Amhari said.

Once Amhari was involved three mega projects were formed as part of 1MDB bailout plan. The three projects are East Coast Rail Link (ECRL), Multi-Product Pipeline (MPP), and Trans-Sabah Gas Pipeline (TSGP) projects.

He also testified that Najib had meetings with China’s State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) in 2016 to boost Malaysia China trade cooperation and to gain China’s support.

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1MDBbailoutChina investmentnajib razak