1MDB unable to disclose details on loan report

  • Business Premium
  • Thursday, 14 May 2015

PETALING JAYA: 1Malaysia Development Bhd (1MDB) was unable to disclose any details on news that a consortium of banks led by Deutsche Bank has asked for a US$975mil (RM3.5bil) loan to be repaid less than four months ahead of its due date.

“We are aware of recent press reports and statements concerning a loan taken by 1MDB in September 2014. While we would like to respond in detail, this relates to a confidential banking matter, which prevents us from commenting at the present time,” said its president and group executive director Arul Kanda Kandasamy in an email reply.

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Business , 1MDB , loan , default , recall


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