Friday 29 Mar 2024
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KUALA LUMPUR (Dec 27): 1Malaysia Development Bhd (1MDB) has remitted the funds it is required to pay International Petroleum Investment Co PJSC (IPIC) by Dec 31, 2017 following a settlement between the Malaysian Government and IPIC.

IPIC told the London Stock Exchange today the settlement involved IPIC, Malaysia's Minister of Finance (Inc) and 1MDB.

"Further to the announcement of Aug 30, 2017, IPIC has now received all the funds required to be paid to IPIC by Dec 31, 2017 under the settlement with the Minister of Finance (Inc) Malaysia and 1MDB and the Consent Award made on May 9, 2017," IPIC said.

 

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