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Exclusive: Malaysia's 1MDB to be dismantled under debt plan - sources

Reuters‎ - 1 hour ago

(Reuters) - Malaysia's indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said.

The power and property fund, a pet project of Prime Minister Najib Razak with assets worth $14 billion, was hit by losses last year and nearly defaulted on a loan payment. The near-miss drove down the ringgit currency MYR= and Malaysian government bonds and prompted calls from opposition leaders to make the fund's accounts more transparent.

The state fund's 42 billion ringgit ($11.6 billion) debt includes a $3 billion bond sale in 2013 that was one of the largest global issues from Southeast Asia.

APA 

MAKNANYA

maknanya

1MDB tutup kedai

bangkrap

tak dapat bayar utang

harta dilelong 

NOTA

rosmah dan najib

melarikan diri

kah kah kah

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