1MDB pays RM1.55b to IPIC ahead of Aug 12 deadline
KUALA LUMPUR (Aug 11): The troubled government-owned 1Malaysia Development Bhd (1MDB) has paid US$360 million, equivalent to RM1.55 billion, to the International Petroleum Investment Company PJSC (IPIC).
This was ahead of the deadline that is due tomorrow — Aug 12, 2017.
“The balance of the original July 31, 2017 payment obligation to IPIC is accordingly now due on Aug 31, 2017,” 1MDB said in a statement today.
“All funds paid to IPIC are from proceeds of the on-going rationalisation programme,” 1MDB added.
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