Not too late to derail ‘1MDB-bailout’ ECRL: Economist

In light of a revelation that the former administration intended to use the East Coast Rail Link (ECRL) to bail out 1MDB, an economist has urged Putrajaya to reconsider the RM44billion megaproject.

Labelling the project a “scam”, Khazanah Research Institute senior adviser Jomo Kwame Sundaram also called for a probe into it.

“I think that forces this country to think very, very seriously about what the ECRL project was about, and it is still not too late to cancel it and to have a thorough investigation (into it)...