1MDB Has To-Date Remitted US$360 Mln To IPIC

KUALA LUMPUR, Aug 11 – 1Malaysia Development Bhd (1MDB) says pursuant to the amendment, dated Aug 8, 2017, to the Settlement Deed with Minister of Finance (Incorporated) Malaysia and International Petroleum Investment Company PJSC (IPIC), it has to-date remitted US$360 million.

“The balance of the original July 31, 2017 payment obligation to IPIC is accordingly now due on Aug 31, 2017,” it said in a statement here today.

It also reiterated that all funds paid to IPIC were from proceeds of the on-going rationalisation programme.

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