Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Malaysia says has not dropped legal proceedings against Abu Dhabi's IPIC

Published 08/03/2020, 11:08 PM
Updated 08/03/2020, 11:10 PM
© Reuters. A construction worker talks on the phone in front of a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia

KUALA LUMPUR (Reuters) - Malaysia on Tuesday said it has not stopped legal proceedings against Abu Dhabi sovereign wealth fund IPIC related to the multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB), denying a report that the case was shelved.

The Malaysian government also remains open to considering all forms of resolution between the two parties, Attorney General Idrus Harun said in a statement, adding that talks are ongoing between the two.

© Reuters. A construction worker talks on the phone in front of a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia

Malaysia had filed a legal challenge in 2018 to a settlement agreement between 1MDB and IPIC negotiated during the premiership of former leader Najib Razak, who last week was found guilty of corruption in a 1MDB-related case.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.