MOF keeps hands off 1MDB-IPIC US$50m dispute

Alyaa AzharPublished: Apr 23, 2016 5:15 AM | Updated: Apr 23, 2016 5:26 AM

The Ministry of Finance (MOF) is distancing itself from the dispute between 1Malaysia Development Bhd (1MDB) and International Petroleum Investment Company (IPIC) over the US$50 million in interest due on bonds issued by the state investment fund.

Deputy Finance Minister Johari Abdul Ghani opined this was merely a business dispute between the two companies.

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