Ananda to 1MDB's rescue with RM2bil loan

comments     Reuters     Published     Updated

Malaysia's second-richest man Ananda Krishnan will lend 1Malaysia Development Bhd (1MDB) RM2 billion to settle a loan to local banks, two people familiar with the matter said, helping pave the way for a US$3 billion (RM10.85 billion) IPO by the state investor.

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