Malaysiakini News

Gov't: Ananda Krishnan in RM2bil 1MDB refinancing

Ram Anand  |  Published:  |  Modified:

The government now says that billionaire Ananda Krishnan's Tanjong Public Limited firm had helped secure RM2 billion in "refinancing" for the 1Malaysia Development Berhad (1MDB) via private investors and that the firm did not directly loan the money to the beleaguered state investment arm.

Second Finance Minister Husni Hanadzlah told the Dewan Rakyat today that Tanjong had helped "manage" the refinancing for 1MDB and it was a form of refinancing as it was related to 1MDB's RM8.5 billion purchase of Powertek Energy which was owned by Ananda.

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