11.08.2016 - 1MDB case: KL trying to settle
Malaysia is keen to reach a settlement with Abu Dhabi's sovereign wealth fund over a US$6.5 billion (S$8.7 billion) dispute with 1Malaysia Development Berhad (1MDB), as the stand-off heads into arbitration next month. The talks with Abu Dhabi's International Petroleum Investment Company (IPIC) will help the government decide on legal action against 1MDB's previous management or directors over the soured dealings, Second Finance Minister Johari Abdul Ghani told The Straits Times in an interview last week...............................................Full Article: Source
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