'RM3.8bil of 1MDB bonds used to repay debts'

comments     Ram Anand     Published     Updated

1Malaysia Development Bhd (1MDB) used RM3.8 billion of the RM9.6 billion in bonds it raised in 2013 to repay and service its debts, which is a "clear breach" of its offering circular issued to investors about the bond raising exercise.

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