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Axe to fall on 1MDB staff soon

Investment holding company completes almost RM10 billion cash sale of power assets

Published Wed, Mar 23, 2016 · 09:50 PM

Singapore

Seven years after it was set up, troubled 1Malaysia Development Berhad (1MDB) is laying off staff as a storm of controversy around it continues.

The Business Times understands that affected staff will receive their pink slips from management soon.

When contacted, 1MDB president Arul Kanda told BT the firm was evaluatin…

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