PETALING JAYA: 1Malaysia Development Bhd (1MDB), which has come under fire from various quarters for a wide range of issues from buying assets at inflated prices to paying high fees in its issuance of debt papers, has defended its decisions.
The fund, which was established by the Federal Government in 2009 to drive strategic investments, has said that it viewed seriously the allegations, and described them as unsubstantiated.
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