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Sovereign Wealth Funds Briefing - Categorized | Market, People

1MDB tells Mahathir: Stop slamming power-plant deal

Posted on 30 November 2015

Malaysian state investment firm 1MDB took issue with former prime minister Mahathir Mohamad yesterday, saying of the “retired and former politician” that he “has failed in his numerous attempts to politicise the 1MDB issue”.
Responding to “false allegations” by Tun Dr Mahathir about the sale of its power assets, 1MDB said the sale of Edra Global Energy will help the state investor achieve a debt reduction of RM17 billion (S$5.6 billion), allowing it to “break even” in its energy investments………………………………………..Full Article: Source


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