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Malaysia in transition

Malaysia seizes $240m from Chinese company over delayed project

Mahathir set on recovering funds lost under predecessor

Malaysian Prime Minister Mahathir Mohamad speaks during a news conference in Putrajaya, Malaysia, on July 15.   © Reuters

KUALA LUMPUR -- The Malaysian government has seized roughly 1 billion ringgit ($243 million) in assets held by a state-backed Chinese company, citing a botched public works project for which the corporation was paid under the previous administration.

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