Malaysiakini News

Report: Bank Negara RM2b land deal meant to bail out 1MDB

Published:  |  Modified:

Bank Negara Malaysia’s acquisition of a 22.5-hectare plot of land for RM2 billion from the government was allegedly meant to help pay off 1MDB debts.

This is according to a report from the Wall Street Journal (WSJ), which claimed that the money from the land deal in January was used to pay off 1MDB’s obligations to an Abu Dhabi state fund due at the end of 2017.

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