| Businessman T. Ananda Krishnan (AK) is understood to have firmed up an agreement to loan beleaguered 1Malaysia Development Bhd (1MDB) as much as RM2 billion to help the strategic investment fund settle a debt obligation to Malayan Banking Bhd (Maybank) and RHB Bank Bhd due at the end of this month, sources say.
It is understood that the loan, however, is merely an interim measure. It (the loan) is more for 1MDB to clear this obstacle the two banks than anything else. The two (AK and 1MDB) are still looking at how to resolve the issue, the source said..............................................Full Article: Source
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