02.02.2015 - Disgraceful for M'sia that Najib's 1MDB has to 'beg' RM2 bil from Ananda to repay overdue loan
It is a complete embarrassment for the Malaysian Government that 1Malaysia Development Bhd (1MDB) had to stoop to begging a loan from billionaire Ananda Krishnan to repay an overdue RM2 billion debt. Yesterday, it was reported by both Reuters and The Edge Financial Daily that businessman Tan Sri Ananda Krishnan 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. ..............................................Full Article: Source
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