Tycoon Ananda Krishnan to 1MDB’s rescue?

Tycoon Ananda Krishnan to 1MDB’s rescue?

Business tycoon Ananda Krishnan, Malaysia’s second richest man, is in talks to lend up to MYR2 billion ($551 million) to embattled state fund 1Malaysia Development Bhd (1MDB), to help it settle its loans with local banks, and enable the debt ridden state investment firm go ahead with its $3 billion initial public offering (IPO).

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