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Speculative Report Raises Various Reasons for Raids, Including Daim Zainuddin's Fear of Power as a Government Advisor, or as a Way to Lobby China During Negotiations on New Terms for large projects.
Government adviser Daim Zainuddin met Chinese Premier Li Keqiang in Beijing on Wednesday. (Photo by Reuters)
PETALING JAYA: Questions were raised by the Straits Times newspaper in Singapore about possible reasons for MACC incursions against Chinese companies while Prime Minister Mahathir Mohamad's prime adviser, Daim Zainuddin, held meetings with government leaders
In a report from Kuala Lumpur, the newspaper said the deer talks had been "misled" by the raids on Wednesday.
Citing unnamed sources, the newspaper speculated that the raids had been timidly, either to embarrass Suede, who holds enormous power at the head of an advisory council, or to exert pressure on China while Malaysia is seeking to renegotiate China's loan terms for two pipeline projects and the East Coast Rail Link. is in China as a special emissary of Mahathir, to prepare for Mahathir's official visit next month.
According to the report, Daim was "puzzled" when informed by Chinese officials about the few raids before meeting with Foreign Minister Wang Yi, but Malaysia remained serious about maintaining close ties with China
The Straits Times said that Malaysian construction leaders were speculating about raids. Mahathir has accused Najib Razak's previous government of accepting unbalanced conditions favoring Chinese companies in the huge infrastructure contracts for pipelines and the East Coast Railway.
Questions were also raised last month about any connection with China regarding allegations of corruption about 1MDB and related companies.
Earlier this month, the federal government led by Mahathir Pakatan Harapan projects amid allegations of corruption and questions about the high cost of projects, which involve two entities related to the Chinese government, China Petroleum Pipeline Bureau and China Communications Construction Company.
The report also speculated that Malaysian officials aligned with the previous Barisan The Nasional government may have prompted the MACC to carry out the raids in order to complicate Malaysia's relations with China.
He also speculated that the raids were a reaction to the broad powers of deer as chief of the Advisory Council of Eminent Persons. Robert Kuok, who has close ties with China, and former central bank governor Zeti Akhtar Aziz. [19659004] He said that political factions in Pakatan Harapan's government feared that Daimo would use efforts to reform state-owned companies for the benefit of his supporters and associates.
The MACC raids on Wednesday were related to multiproduct pipeline investigations. – Sabah and East Coast Rail Link pipeline projects. Both pipeline projects involve a contract worth 9.4 billion RM. The ECRL was originally expected to cost about RM56 billion but the new government said the final cost would be RMB 81 billion
MACC seizes documents related to ECRL, 2 other projects
Suede meets the Chinese PM carrying a letter from Mahathir
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