The Malaysian government struck a note of caution on Tuesday in response to a report China offered to bail out the scandal-plagued 1MDB fund in return for the approval of infrastructure projects.
“[The government] knew that the price [of certain projects] was inflated, but whether there was such a deal, I have to check,” said Lim Guan Eng, the Malaysian finance minister. “I do not wish to say yes or no. I need to check the records to see if there were details explicitly mentioned.
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