NEWS

Foreign banks circle 1MDB over RM3bil loan

Published
Modified 14 May 2015, 3:05 am

A group of six international banks are seeking for early payment of their US$975 million (RM3.6 billion) loan to cash-strapped 1Malaysia Development Berhad (1MDB), reports Singapore's Business TImes.

The loan from the consortium of banks led by Deutsche Bank is only due in September but it would seem they have become increasingly jittery over 1MDB's financial status.

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