Monday 14 August 2017

Despite looting allegations, 1MDB makes payment to Abu Dhabi after delay | Coconuts KL

Despite looting allegations, 1MDB makes payment to Abu Dhabi after delay | Coconuts KL:

"Malaysia’s crisis-hit state investment fund 1MDB said Friday it has paid Abu Dhabi the equivalent of $350 million, the first installment under a deal to settle its debts after it missed previous deadlines. 1MDB and its founder Prime Minister Najib Razak are battling allegations that billions were looted from the fund in complex overseas deals that are being investigated by authorities in several countries. Both the fund, 1Malaysia Development Berhad, and Najib have vehemently denied wrongdoing."



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