Prokhas steps into 1MDB

PETALING JAYA: Prokhas Sdn Bhd, the in-house restructuring outfit of the Finance Ministry (MoF), has been tasked to help sister company 1Malaysia Development Bhd (1MDB) deal with cash-flow problems tied to its debt obligations.

It is learnt that Prokhas was roped in to assist 1MDB, which needs about RM5bil this year to meet its debt obligations.

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