Malaysia’s New FinMin Says 1MDB Unable to Pay Debts After All

Posted on 05/29/2018


Two former board members of 1Malaysia Development Berhad (1MDB) have confirmed the scandal-ridden strategic development company as being insolvent and unable to repay its debts, said newly-minted Malaysian Finance Minister Lim Guan Eng at a press conference in May 2018 following a meeting with 1MDB directors Norazman Ayob and Kamal Mohd Ali. The state-fund-turned-cash-cow reportedly […]