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1MDB's unit secures RM2b in govt loan

Little is known about the subsidiary and how it has used the funds

[SINGAPORE] A little-known, wholly-owned unit of Malaysia's state-owned 1Malaysia Development Berhad (1MDB), tasked to acquire and manage resources such as coal and uranium for the country, had received a RM2 billion loan from the Malaysian government in 2011.

The 10-year loan was...

sentifi.com

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