1MDB's failure to pay Abu Dhabi's International Petroleum Investment Company (IPIC) is proof of the misappropriation of the state investment fund, said Pakatan Harapan information chiefs.

In a joint statement by Pakatan Harapan information chief Tony Pua, PKR communications director Fahmi Fadzil, Parti Amanah Negara communications director Khalid Samad and Parti Pribumi Bersatu Malaysia information chief Kamaruddin Md Noor, the four cited 1MDB's statement dated April 24 which said that the obligations will be met by 1MDB, primarily via "monetisation of 1MDB-owned investment fund units”.

"This means that the first payment of US$602,725,000 (RM2.58 billion) was supposed to be paid yesterday afternoon using monetised investment fund units.

"It is clear that 1MDB has failed to monetise its investment fund units from the end of 2014 until today despite the 1MDB management's repeated promises to the 1MDB board of directors."...