Malaysia’s 1MDB makes payment to Abu Dhabi after delay


Malaysia's state investment fund, on July 1, said Friday that it paid Abu Dhabi the equivalent of $ 350 million, First payment of an agreement to settle its debts after missing the previous deadlines.

1MDB and its founder, Prime Minister Najib Razak, are fighting allegations that billions have been plundered from the fund in complex transactions abroad that are the subject of one Investigation by the authorities of several countries. The fund, 1Malaysia Development Berhad and Najib vehemently rejected wrongdoing.

1MDB agreed in April to pay the sovereign wealth fund Abu Dhabi, International Petroleum Investment Company, about $ 1.2 billion to settle debts, half-arrears by the end of July and the rest by End of the year.



Source link