Former 1MDB spokesman Ahmad Husni now queries Putrajaya on fund's deals - News Summed Up

Former 1MDB spokesman Ahmad Husni now queries Putrajaya on fund's deals


KUALA LUMPUR (Oct 24): Former second finance minister Datuk Seri Ahmad Husni Mohamad Hanadzlah, who reportedly said handling 1MDB issues previously made him ill, has turned around to question the fund's dealings in Parliament today. Why didn't 1MDB fulfil the agreement until Ipic have to file for arbitration to seek US$6.5 billion, equivalent to RM26 billion, from 1MDB? He also questioned the RM4 billion loan provided to former 1MDB’s subsidiary, SRC International Sdn Bhd. “Why did Kumpulan Wang Amanah Persaraan (KWAP) provide a loan of RM4 billion [to SRC], which was allowed a one-off drawdown? Ahmad Husni warned that these issues, which remained unresolved to-date, would negatively affect global perception of Malaysia.


Source: The Edge Markets October 24, 2016 13:50 UTC



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