Singapore's NRA Capital emerges as valuer of 1MDB's Cayman investments
The investments were one of two "level three assets" - assets that are deemed illiquid - worth over RM13 billion
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Anita Gabriel
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Singapore
SINGAPORE's boutique finance house NRA Capital was roped in to value 1Malaysia Development Berhad's US$2.318 billion controversial Cayman Islands investment by fund manager Bridge Capital Partners.
This was disclosed in the Hansard transcripts on the hearings of Malaysia's Public Accounts Committee with Deloitte, the auditor which signed off the March 2013 and 2014 accounts of the troubled state-backed firm 1MDB.
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