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1MDB has fully paid settlement amount: Abu Dhabi's IPIC
Published Wed, Dec 27, 2017 · 09:50 PM
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Kuala Lumpur
ABU Dhabi's government-owned International Petroleum Investment Co (IPIC) on Wednesday said Malaysian state fund 1Malaysia Development Berhad (1MDB) has made all required payments as part of a settlement agreement between the two.
1MDB was required to pay IPIC about US$600 million by Dec 31, as part of a settlement agreement reached in April after 1MDB defaulted on its bonds, causing the Abu Dhabi company to ask a London cour…
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