Malaysia's 1MDB unable to repay debts; finance ministry picks PwC for audit | ZAWYA MENA Edition

Malaysia's 1MDB unable to repay debts; finance ministry picks PwC for audit | ZAWYA MENA Edition:

"Malaysia's newly appointed finance minister has asked for PricewaterhouseCoopers (PwC) to be appointed as auditors for scandal-hit state fund 1Malaysia Development Berhad (1MDB), he said on Wednesday.

1MDB is the subject of money laundering investigations in at least six countries, including the United States, Switzerland and Singapore.

Lim Guan Eng made the announcement in a statement issued after a meeting with some 1MDB directors and the fund's president, Arul Kanda."



'via Blog this'