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Home / Issues / 1mdb Watch

Insolvent 1MDB unable to repay debt as director warns of scam

1MDB Watch

Insolvent 1MDB unable to repay debt as director warns of scam

Bloomberg Published on Thu, May 24, 2018 / 12:52 PM GMT+8

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(May 24): Troubles at Malaysia’s state investment company 1MDB deepened as its officials told the government the fund is insolvent and unable to repay debts that could amount to almost US$7 billion ($9.40 billion) over the next five years.

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