Financial News

Malaysia’s 1MDB state fund still US$7.8 billion in debt: Government report

KUALA LUMPUR: 1Malaysia Development Berhad (1MDB), the state fund at the centre of a massive corruption scandal, still had an estimated RM32.3 billion (US$7.8 billion) in outstanding debt as of September, the government said on Friday (Nov 6). Set up in 2009 by former prime minister Najib Razak …

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