RM3b in 1MDB debts cleared over 2 years, says Najib
Kuala Lumpur
STATE fund 1Malaysia Development Berhad has cleared over RM3 billion (S$946 million) in debt over the past two years, Prime Minister Najib Razak said on Wednesday, amid ongoing money-laundering probes linked to 1MDB in at least six countries.
The sovereign wealth fund, founded by Mr Najib, is at the centre of civil lawsuits filed by the US Department of Justice that allege more than US$3.5 billion was misappropriated from 1MDB. The fund is also be…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill