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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

The 1MDB Affair: Malaysia Delegation in Abu Dhabi to Resolve Dispute

Posted on 01 July 2016

The two government investment funds at the heart of a Malaysian financial scandal are disappearing as the two sides try to put the situation behind them even as they battle over billions of dollars that have gone missing.
Abu Dhabi announced on Wednesday that International Petroleum Investment Company is being merged into another fund in the Emirate. Most of the assets of 1Malaysia Development Bhd. have been sold or transferred to the country’s Ministry of Finance………………………………………..Full Article: Source


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