The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

SUBSCRIBERS

KL extends RM970m loan to 1MDB

Funds believed to be disbursed following a cabinet meeting a fortnight ago

Anita Gabriel

Anita Gabriel

Published Tue, Mar 10, 2015 · 09:50 PM
Share this article.

Singapore

AMID allegations of improprieties levelled against 1Malaysia Development Bhd (1MDB) over its business dealings, which have triggered a high-level probe into its books, the Malaysian government has extended a nearly RM1 billion (S$373 million) loan to the debt-ridden firm.

The Business Times understands that the loan was provided by the Ministry of Finance, 1MDB's shareholder, to deal with the firm's cash flow woes as it is saddled with huge interest payments.

KEYWORDS IN THIS ARTICLE

Najib Razak

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here