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WSJ: China offered to bail out 1MDB in return for projects

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China had offered to help bail out 1MDB back in 2016, in return for securing lucrative railway and pipeline projects for its "One Belt, One Road" programme, reported the Wall Street Journal (WSJ).
The business daily, citing minutes from a series of previously undisclosed meetings, said China also offered to bug the homes and offices of WSJ reporters in Hong Kong who were on 1MDB's trail, to learn who they were getting their information from.
"Chinese officials told visiting Malaysians that China would use its influence to try to get the US and other countries to drop their probes on allegations that allies of the then prime minister Najib Abdul Razak, and others, had plundered the 1MDB fund, the minutes of the meetings show.
"In return, Malaysia offered lucrative stakes in railway and pipeline projects for China’s One Belt, One Road programme of building infrastructure abroad.
"Within months, Najib, who has denied any wrongdoing in the 1MDB matter, signed US$34 billion of rail and pipeline deals with Chinese state companies, to be funded by Chinese banks and built by Chinese workers," said the report written by Tom Wright and Bradley Hope.
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