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WSJ drops US$850m bombshell on 1MDB
Description
A report from the Wall Street Journal claims 1MDB sent the money last year to an offshore entity formed to appear as if it was owned by an Abu Dhabi sovereign wealth fund.
Quoting those familiar with the matter, WSJ said executives at IPIC and Aabar investigating the transfers concluded neither of the two Abu Dhabi funds ever owned or controlled the British Virgin Islands company.
WSJ said they have also tried contacting 1MDB and IPIC on this matter but have not received any response.
Quoting those familiar with the matter, WSJ said executives at IPIC and Aabar investigating the transfers concluded neither of the two Abu Dhabi funds ever owned or controlled the British Virgin Islands company.
WSJ said they have also tried contacting 1MDB and IPIC on this matter but have not received any response.
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