Malaysia’s Mahathir Mohamad confirms US$240 million seizure from Chinese pipelines firm

Malaysian Prime Minister Mahathir Mohamad confirmed on Monday his government’s seizure of US$240 million from a state-linked Chinese firm appointed to build two now-stalled pipelines worth more than US$2.3 billion, saying the government was “entitled to get back the money” as the project had been cancelled.“I don’t see why the Chinese would be unhappy about it, we are not taking back money for work they have done, only work they have not done,” Mahathir told reporters, adding that before its…