MOF keeps hands off 1MDB-IPIC US$50m dispute

comments     Alyaa Azhar     Published     Updated

The Ministry of Finance (MOF) is distancing itself from the dispute between 1Malaysia Development Bhd (1MDB) and International Petroleum Investment Company (IPIC) over the US$50 million in interest due on bonds issued by the state investment fund.

Deputy Finance Minister Johari Abdul Ghani opined this was merely a business dispute between the two companies.

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