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Sovereign Wealth Funds Briefing - Categorized | Financials

Minister: Do you want 1MDB to go bankrupt?

Posted on 30 November 2015

Damned if it does, and damned if it doesn’t – Communications and Multimedia Minister Salleh Said Keruak mused whether people would rather see 1MDB bankrupt instead. He said some quarters are unhappy that the state investment company borrowed billions of ringgit for its investments and want the debt settled to mitigate its consequences, which the company has been trying to do.
At the same time, however, these people are also unhappy when local companies such as TNB expressed interest in buying 1MDB’s assets, and deemed this to be a “bailout”, he said………………………………………..Full Article: Source


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