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Malaysian tycoon to help 1MDB repay loan

Ananda Krishnan is said to have agreed to lend firm RM2b to settle its debt obligation to Maybank and RHB Bank

MR KRISHNAN: Insiders say he may have agreed to guarantee the loan as it had seemed like a straightforward case.


THE deal that was trumpeted as a mark of Malaysian tycoon Ananda Krishnan's corporate prowess when he unloaded his ageing power assets at a hefty price of RM8.5 billion (S$3.16 billion) to state-owned 1Malaysia Development Bhd (1MDB) three years ago appears to be causing him