Mystery deepens over US$3.5b 1MDB sent to a BVI entity
Abu Dhabi SWF, unit Aabar Investments say the BVI firm with an almost identical name does not belong to them
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
THE mystery over who controlled a British Virgin Islands (BVI)-registered company that received US$3.5 billion from Malaysia's scandal-tainted state fund 1MDB deepened on Monday when a company in the Middle East with an almost identical name said the BVI firm did not belong to it.
Abu Dhabi's sovereign wealth fund (SWF), International Petroleum Investment Co (IPIC), and its subsidiary Aabar Investments said in a joint statement the BVI firm with an almost identical name, Aabar Investments PJS Ltd, "was not an entity within either corporate group".
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
