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.
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
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