| Answer the questions on the USDD69 million (RM300 million) proceeds that the Yurus Private Equity Fund earned in less than six months, Kelana Jaya MP Wong Chen has urged 1MDB-DuSable. This comes following the recent Wall Street Journal (WSJ) report that the investor in the Yurus Private Equity Fund is Aabar Investments PJS, a subsidiary of Abu Dhabi sovereign-wealth fund International Petroleum Investment Co (IPIC).
“This revelation is worrying as it raises questions whether the USD$69 million deal was done at an arms-length basis,” he said, referring to how IPIC is currently involved in a USD3.5 billion financing deal to help 1MDB’s rationalization scheme. He wants 1MDB-DuSable to confirm the WSJ report on whether IPIC is the main investor and whether the deal was done at an arms-length basis, and asked them to disclose how much money DuSable made from the deal...............................................Full Article: Source
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