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Another US$1b payment from 1MDB to Abu Dhabi fund is missing: Wall Street Journal

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Another US$1 billion (S$1.4 billion) in payment from Malaysia's state investor 1Malaysia Development Berhad (1MDB) to Abu Dhabi's International Petroleum Investment Co (IPIC) is allegedly missing, the Wall Street Journal (WSJ) said.

[KUALA LUMPUR] Another US$1 billion (S$1.4 billion) in payment from Malaysia's state investor 1Malaysia Development Berhad (1MDB) to Abu Dhabi's International Petroleum Investment Co (IPIC) is allegedly missing, the Wall Street Journal (WSJ) said.

The latest report comes after the WSJ said last week that officials in Abu Dhabi were trying to understand why a US$1.4 billion transfer that 1MDB said it made to IPIC was not received.

Read full story here.

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