Malaysian Fund To Pay IPIC $1B In Settlement Amid Scandal
By Kyle Jahner ( April 24, 2017, 4:34 PM EDT) -- Malaysia's state-owned investment fund said Monday it will pay $1.2 billion to settle an arbitration case brought by a United Arab Emirates sovereign wealth fund after allegedly failing to make debt payments to the Emirati entity and — according to investigators in multiple countries — laundering the money into the pockets of Malaysia's prime minister and his associates....
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