Malaysia's Prime Minister Najib Razak and China's Premier Li Keqiang attend
a signing ceremony at the Great Hall of the People, in Beijing, China, Najib
seems to have forgotten that he needs the approval of Parliament for his China and
IPIC funding deals..
It was almost three years ago that Najib Razak's government entered into a series of deals with Abu Dhabi's IPIC with the intention, we now know, of defeating the criminal investigation by the US Department of Justice ,and other national enforcement agencies into 1 MDB, the Malaysian Government and Najib Razak , the Prime Minister and Finance Minister.
That intention alone is enough to make the IPIC deal, which has now it seems been expanded to include the Chinese Government ,illegal and allow for all Government Of Malaysia monies injected into these deals to be clawed back.
Over and above that issue is the matter of illegality for failure to obtain the approval of the Malaysian Parliament .As this writer pointed out in 2015, the IPIC debt deal was announced without it being deliberated by Parliament.Subsequently it does not look like it has been gazzetted, as required by Malaysia's External Loans Act 1963. The same now extends to all subsequent and related IPIC deals, as well as the deals with Beijing.