Powered by

Edgewise: 1MDB case: Will Malaysia, Abu Dhabi settlement deter Singapore?

Malaysia and Abu Dhabi agreed this past week to settle a dispute involving billions of dollars' worth of bonds issued by 1Malaysia Development Bhd (1MDB). But it is unlikely to erase the scandal that has sparked investigations in Singapore, Switzerland and the US.

On April 23, Abu Dhabi's International Petroleum Investment Co (IPIC) said in a London Stock Exchange filing that it would be paid more than US$602.7 million ($842.4 million) by July 31, and a further US$602.7 million by year-end

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox