1MDB makes partial payment of US$350m to IPIC

comments     Published     Updated

1MDB has made a US$350 million payment to the International Petroleum Investment Company (IPIC).

The payment was made before the investment firm was scheduled to pay IPIC US$310 million on Aug 12, as part of its settlement with the Abu Dhabi state-owned fund.

In a statement released today, 1MDB said that it had "remitted, to date, the equivalent of US$350 million to IPIC".

It added that the payments to IPIC were from "proceeds of the ongoing rationalisation programme...

For the rest of this story and more, subscribe for only RM150 a year (full news access)
or RM420 a year (full news + full archive access). If you're already a subscriber, please sign in.

Sign in Subscribe now


Malaysiakini
news and views that matter


Sign In