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1MDB's US$2.3b Cayman fund now fully redeemed

US$1.1b balance in investment redeemed following an earlier amount of US$1.2b

Kuala Lumpur

MALAYSIA'S 1MDB has finally redeemed in full the US$2.318 billion it invested in a Cayman Islands registered fund, a move it hopes will ease some of the criticism aimed at the beleaguered state-owned company.

In a statement on Tuesday, its newly appointed president and