Abu Dhabi investment firm Aabar Investments said on Tuesday it was fully behind its Falcon Private Bank unit after it was sanctioned in relation to the scandal-hit Malaysian state investment fund 1MDB.
"Aabar Investments PJS reconfirms its full commitment and support for the bank," Aabar said in a statement. "Aabar views the bank as a strategic investment and has no current intention to sell." Falcon was fully acquired by Aabar Investments in 2009.............................................Full Article: Source
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