20 Apr '17, 3pm

ST Exclusive: Malaysia, Abu Dhabi to settle dispute over 1MDB debt - The Straits Times

ST Exclusive: Malaysia, Abu Dhabi to settle dispute over 1MDB debt - The Straits Times

First reported by The Straits Times in April last year , the dispute between the two countries centered on fund transfers of roughly US$3.54 billion that 1MDB said it made to units of IPIC as part of its obligations under a May 2012 bond agreement. But IPIC declared that it never received those monies, triggering a row over interest payments on the bond issue which had helped 1MDB raise funds for the acquisition of power-generation assets.

Full article: http://www.straitstimes.com/asia/se-asia/st-exclusive-mal...

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