Are you accusing giant Chinese firms of corruption, Najib asks Dr M

Najib Razak hits back at Mahathir over claims of corruption in BN’s dealings with Chinese companies.

PETALING JAYA: Najib Razak has hit out at Dr Mahathir Mohamad over a claim suggesting that certain parties had demanded kickbacks in the form of shares in Chinese firms doing business in Malaysia under the Barisan Nasional (BN) administration.

The former leader said the remarks by Mahathir while addressing Chinese business leaders today were not only ridiculous but also an accusation directed at Chinese companies.

He gave as examples the two Chinese companies involved in the East Coast Rail Link (ECRL) and an oil pipeline project.

He said both China Communications Construction Company (CCCC) and China Petroleum Pipeline Bureau (CPPB) were world players and public listed companies controlled by the Chinese government with a combined value of US$370 billion.

“Does it make sense then that the BN government demanded 30% shares as bribe from Chinese government-owned companies?

“Is Tun Mahathir accusing these giant Chinese government firms of colluding with the BN government in corruption?” asked Najib.

Mahathir at a business forum in Beijing today reportedly said that investors from China had been told to give 30% shares to certain people, adding that this was the cause for delays in the completion of projects.

Najib said Mahathir was making a political speech.

“Mahathir should stop story-telling and show proof to back his claim, and as prime minister, he should stop playing politics in front of foreign investors,” said Najib.