Najib Clarifies: China Didn't Bail Out 1MDB, Used Jho Low for ECRL Talks
Former prime minister Datuk Seri Najib Razak has denied claims that China settled 1MDB's debts. He revealed that he used Jho Low for 2016 ECRL talks in China to accelerate Malaysia's economic growth and attract foreign investment, aiming for quick riches for the country. Najib's move was part of his economic transformation plan, focusing on infrastructure development and strategic partnerships. The ECRL project was a key component of this plan, expected to boost Malaysia's economy and create jobs. However, the project's progress has been slow due to various issues, including funding and regulatory hurdles. Najib's clarification comes amidst ongoing debates about his administration's handling of 1MDB and its impact on the country's financial stability.