Beijing has rejected a Wall Street Journal report saying Chinese officials offered to bail out scandal-ridden Malaysian state fund 1MDB and try to get the USA and other countries to drop corruption probes into the fund.
The embassy also said that China and Malaysia treated each other as friendly neighbours and honest partners all along.
Former prime minister Datuk Seri Najib Abdul Razak and the Chinese Embassy of Malaysia have both denied the claims. The "Wall Street Journal" reported in a lengthy investigative story citing Insider and protocols of internal meetings.
Within months, the government in Kuala Lumpur signed billions of dollars worth of deals with Chinese state companies backed by funding from Chinese banks.
In exchange, the report said that Malaysia allegedly promised stakes in railway and pipeline projects as part of China's Belt and Road Initiative (BRI), a major infrastructure drive seeking to link Asia, Europe and Africa.
Malaysian prosecutors say there is no conflict between the American attempt to extradite Ng and the charges he faces in Malaysia, and suggest the United States will wait for proceedings in Malaysia to wrap up before moving forward with their case.
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1MDB is at the center of a global scandal involving claims of embezzlement and money laundering, with jurisdictions from the U.S., Malaysia and Singapore probing cases related to the fund. Najib has been charged with dozens of counts of corruption, criminal breach of trust and money laundering involving 1MDB-related monies.
Lim Guan Eng, the current finance minister of Malaysia, said that he is "interested to have a copy of those minutes" that the WSJ examined, and would "pursue" anything that is "in black and white" regarding improper deals, the FT reports (paywall).
"But I have to refer back to see if there are details or thing explicitly said", he said.
Fugitive Malaysian financier Jho Low, the alleged mastermind of the 1MDB fraud, drew up plans for Malaysian officials to meet the Chinese and attended some of the meetings, the paper said. "We do not accept any groundless accusations made against China", the embassy added.
An ex-Goldman Sachs banker facing charges in the USA and Malaysia over a massive financial scandal Monday had his bid to be freed on bail rejected by a Kuala Lumpur court.
The US Justice Department has estimated that a total of US$4.5 billion was misappropriated by high-level 1MDB fund officials and their associates between 2009 and 2014, including some of the funds that Goldman Sachs helped raise.