Tag: Global influence

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China’s 1MDB Bailout Offer Raises BRI Concerns

The Wall Street Journal has discovered that in 2016, China offered Malaysia bailouts and surveillance of Hong Kong journalists to alleviate the ongoing scandal surrounding its 1 Malaysia Development Berhad (1MDB) fund. The fund was created in 2009 by then-Prime Minister Najib Razak, involved an alleged $4.5 billion of misappropriated funds flowing across multiple countries, and prompted probes in at least 10 countries. Through reviewing meeting minutes and interviews,