An MOF company without government backed guarantees?

It came as a rather weird revelation today in the The Edge's Financial Daily that 1Malaysia Development Bhd (1MDB) did not have any letter of support for their debts. In a written reply, Prime Minister Datuk Seri Najib Razak said that the Ministry of Finance had no legal obligation to cover 1MDB's US$3.5 bil bonds … Continue reading An MOF company without government backed guarantees?

Advertisements