Malaysia’s Finance Minister Lim Guan Eng. Photo: Bloomberg

Malaysia’s seizure of Chinese pipeline firm’s assets not a slight on Beijing, says finance minister Lim Guan Eng

  • Lim told parliament the sequestration of US$240 million from a bank account of China Petroleum Pipeline Engineering was ‘company specific’
  • Prime Minister Mahathir Mohamad confirmed the seizure on Monday, saying Kuala Lumpur was only taking back money for work that had not been done
Topic |   Malaysia

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Malaysia’s Finance Minister Lim Guan Eng. Photo: Bloomberg
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Bhavan Jaipragas

Bhavan Jaipragas

Bhavan is Asia Correspondent for the SCMP, covering breaking news, politics, diplomacy, trade and Southeast Asian macroeconomic trends. His work for the Post's Asia desk also focuses on the region's multifaceted interactions with the United States and China. A Singapore native, Bhavan previously worked for Agence France-Presse.