Shamim Adam
Stories by Shamim Adam
1MDB defends liquidity position after Moody’s rating withdrawal
Malaysia’s troubled state investment company 1Malaysia Development Bhd. defended its liquidity position after Moody’s Investors Service withdrew t
Najib’s stepson used 1MDB funds to buy US properties: report
Riza Aziz spent about $50 million on two properties in New York and Los Angeles, deals the U.S. Federal Bureau of Investigation is investigating, the
1MDB says it’s in default after missing interest payment on $1.75b bond offer
1Malaysia Development Bhd. said it defaulted on a $1.75 billion bond after missing a $50 million interest payment amid a dispute with Abu Dhabi’s so
Abu Dhabi’s IPIC to make 1MDB bond payment in event of default
The two have been locked in a dispute over 1MDB’s debt obligations to IPIC under an agreement reached in May last year. As part of the pact, the Abu
Saudi Arabia says donation to Malaysian premier was genuine
The Saudi comments follow earlier reports by media including the Wall Street Journal that the money came instead from entities linked to 1Malaysia Dev
Malaysia’s 1MDB fund says it may be victim of $3.5b fraud
1Malaysia Development Bhd., the troubled Malaysian state fund that’s the subject of global investigations, said it could be a victim of fraud if pay
The journey so far on getting Malaysia state fund 1MDB house in order
It’s been more than a year since state investment fund 1Malaysia Development Bhd., at the center of multiple probes into its finances, announced pla
