1MDB holds board meeting in Lucerne
Issues discussed include 500 MV solar photovoltaic project across Malaysia
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Anita Gabriel
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Singapore
MALAYSIA'S state-owned fund 1Malaysia Development Bhd (1MDB) held a three-day board meeting this week in Lucerne, central Switzerland, to discuss several issues including a lofty solar power plan for the country.
A curious choice of venue, perhaps even extravagant, some may say for a sovereign wealth fund with largely home-based assets and given its highly indebted status - based on latest accounts, it has debts of over RM35 billion (S$13.6 billion).
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