For 1MDB, it cannot be business as usual
THE high-profile probe into 1Malaysia Development Bhd (1MDB) may appear frustratingly slow with nary an update on its progress, but the state-backed firm's plan to divest land parcels in the Tun Razak Exchange (TRX) financial district to overcome its anaemic cash position is clicking at a higher pace.
There is something unsettling about that.
Can it truly be business as usual for 1MDB amid a looming probe and widespread allegations over misuse of funds? The other gnawing point: no one appears to have been hauled up so far for questioning, even though none of the allegations against the firm and individuals involved in the firm's dealings has been convincingly denied.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access