Malaysia says Abu Dhabi's IPIC and Aabar to pay $1.8b to settle 1MDB dispute

Malaysia says Abu Dhabi's IPIC and Aabar to pay $1.8b to settle 1MDB dispute

Aerial view of Abu Dhabi. Photo: Pixabay

Abu Dhabi’s International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay $1.8 billion to settle a legal dispute over the scandal at Malaysian state fund 1MDB, Malaysia’s finance ministry said on Monday.

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