18.12.2015 - $850M 1MDB payment sent to Virgin Island firm: WSJ
A deeply indebted Malaysian investment fund may have sent as much as $850 million to a British Virgin Islands entity set up with a name closely resembling one owned by an Abu Dhabi sovereign wealth fund, the Wall Street Journal reported, citing documents and people familiar with the matter. Last year, a unit of 1Malaysia Development Bhd., or 1MDB, transferred funds to an entity called "Aabar Investments PJS Ltd.," which has a name closely resembling Aabar Investments PJS, a subsidiary of Abu Dhabi's International Petroleum Investment Co. (IPIC), the WSJ said...............................................Full Article: Source
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