Malaysiakini NEWS

Muhyiddin: Who is buying 1MDB's 'units'?

Koh Jun Lin  |  Published:  |  Modified:

Parti Pribumi Bersatu Malaysia (Bersatu) president Muhyiddin Yassin has questioned how 1MDB would be able to monetise its investments to pay the settlement with the International Petroleum Investment Corporation (IPIC).

"If it is through the sales of 1MDB investment units in Brazen Sky Ltd, who is the buyer of these investments and for how much? Does this investment unit actually exist?" he asked in a statement today.

The settlement announced on Apr 24 would, among others, see 1MDB pay IPIC US$1.2 billion by the end of the year.

1MDB had said that it would do so buy monetising its investments, and has already received the first tranche of US$50 million in cash...

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