Malaysia: Beleaguered state-fund 1MDB says failure to list energy unit Edra led to huge debt

Malaysia: Beleaguered state-fund 1MDB says failure to list energy unit Edra led to huge debt

1MDB homepage.

Controversy-ridden state investment fund 1Malaysia Development Berhad (1MDB) said its whopping MYR42 billion accumulated debt was due to cash flow “mismatch”, as the company failed to be publicly listed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter