The Abu Dhabi fund had lent to and co-guaranteed billions of dollars of 1MDB debt since 2012. The deal has spawned an international probe into money laundering, including in the United States, Switzerland and Singapore. The scandal has hung like a political millstone around the neck of Prime Minister Najib Abdul Razak, the founder of 1MDB. He has been under pressure to resign following disclosure that nearly $700 million was deposited into his personal account from funds traced to 1MDB. At that time, 1MDB had said it would meet its obligation via "monetisation of 1MDB owned investment fund units".

Source: Bangkok Post August 01, 2017 12:22 UTC