Malaysia’s KWAP Has Exposure to 1Malaysia Development Berhad

Posted on 12/04/2014

Malaysia’s Kumpulan Wang Amanah Pencen (KWAP) which manages government pension money has some exposure to 1Malaysia Development Berhad (1MDB). One of IMDB’s former subsidiaries, SRC International Sdn Bhd, has apparently failed to service a RM4 billion (US$ 1.16 billion) loan by KWAP. This accusation is being made by Malaysian opposition lawmaker Rafizi Ramli. Back in […]

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