Malaysia seeks payment relief by challenging 1MDB-IPIC settlement | Reuters:
Malaysia will file a legal challenge to a settlement agreement between scandal-plagued state fund 1MDB and Abu Dhabi sovereign fund IPIC negotiated during the premiership of former leader Najib Razak, its attorney general said on Tuesday.
International Petroleum Investment Co, known as IPIC, and 1MDB had reached an agreement last year in a payment dispute over 1MDB bonds that IPIC had guaranteed.
The Malaysian fund had agreed to pay $1.2 billion to IPIC and assumed responsibility for future principal and interest payments for the bonds.
No comments:
Post a Comment