Thu, Dec 18, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Trends

Why keep 1MDB’s RM7bln in the Caymans?

Posted on 25 April 2013

What was revealed by PKR director of strategy Rafizi Ramli was alarming - the 1MDB had raised RM5 billion through government-guaranteed bonds for several investment ventures which were not clearly identified.According to Rafizi, 1MDB had raised the bonds for several investment ventures, for example Petro Saudi International (PSI), whose activities and origins he alleged were “dubious”.
When we raise loans of this size, we should have clear and definite investment plans, after feasibility studies concluded, on how to use the money………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15416 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031