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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

Anita Gabriel

Published Fri, Jan 30, 2015 · 09:50 PM

Singapore

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 distress of late.

Mr Krishnan, Malaysia's second richest man who owns a sprawling empire of media, telecommunicatio…

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