Malaysia investigates China-backed project links with 1MDB: Official

July 05, 2018 4:19 PM

KUALA LUMPUR (REUTERS) – Malaysia is investigating whether part of a loan from a Chinese state-owned bank for projects worth US$2.3 billion (S$3.1 billion) was used to help repay dues of a scandal-ridden state fund, a Finance Ministry official told Reuters.

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