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Ananda Krishnan in discussions to make key investment in 1MDB

Malaysian billionaire said to be considering taking a 5% stake, in a major boost for the cash-strapped company

An investment by Mr Krishnan (above) would inspire confidence among other potential investors in 1MDB's US$3 billion IPO.

Kuala Lumpur

MALAYSIA'S second-richest man, Ananda Krishnan, is in talks with state firm 1MDB to become a cornerstone investor in a long-delayed, US$3 billion listing of its power assets, two people familiar with the matter said on Thursday.

The reclusive billionaire, who owns...