(From left) Nik Faisal Ariff Kamil, Low Taek Jho and Jasmine Loo. - NSTP/File pic
IGP: 1MDB scandal fugitives hiding in China
A recent UK Chatham House paper titled
Debunking the Myth of ‘Debt-trap Diplomacy’: How Recipient Countries Shape China’s Belt and Road Initiative, concludes among things:
While no one denies the Najib-Goldman-Jho Low-1MBD nexus, China's role in the cover-up is well known, and well understood, but not it seems to the authors of the Chatham House paper.
China's active role in the 1MDB cover-up and the additional debt laden on Malaysians has become even more evident in the past few months. Starting with the most recent revelations:
Loans to and from IPIC, China may be clawed back : Implications of not obeying Malaysia's External Loans Act 1963
Jho Low, 1MDB fugitives hiding in China, says IGP
Jho Low, 1MDB fugitives hiding in China, says IGP
Jho Low hiding in Macau, says IGP
Malaysians would of course be aware that the Najib era saw a relaxation of controls on Chinese investment into Malaysia which had been in place since at least the 1960s, when China supported Chin Peng and the Communist Party Of China.
China's recent 1MDB-Belt & Road loans have confirmed the reasons why the controls were put in place in the first place ie to ensure that China did not on its own and with the cooperation of local Chinese businesses gain control of the Malaysian economy.
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