Press Release

Date: 
01-08-2017
1MDB Statement on Payment due to IPIC
1MDB Statement on Payment due to IPIC
Category: 

All payments due from 1MDB to IPIC will be made from the proceeds of the 1MDB rationalisation plan.

1MDB itself is awaiting funds that were due to be received in July 2017. Due to the need for additional regulatory approvals, the receipt of those funds has been delayed to August 2017.

As these are the funds which will be used to pay IPIC, 1MDB has written to IPIC to inform them of our commitment to meet the obligations, originally due on 31 July 2017, in August 2017.