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KL extends RM970m loan to 1MDB

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

MDBREUTERS01.jpg
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.

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....

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