May 13, 2021

1MDB land surreptitiously sold to Cayman Islands firm

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By Sangeetha Amarthalingam – The Edge Financial Daily From The Edge Markets This article first appeared in The Edge Financial Daily, on July 30, 2018. KUALA LUMPUR: Despite a freeze imposed by the Penang state government on transactions involving 1Malaysia Development Bhd’s (1MDB) Air Itam land in Penang, all 234 acres (94.7ha) have been surreptitiously […]

1MDB says repatriating funds from Caymans will expose cash to market fluctuation

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By Eileen Ng From The Malaysian Insider One of 1MDB’s key property investments is the Tun Razak Exchange in the heart of Kuala Lumpur. The strategic development company believes its long-term investments in property and energy are sound and will stand up to scrutiny. – December 22, 2014. Under fire over its billion ringgit funds […]