International Petroleum Investment Co (IPIC)

KUALA LUMPUR: Abu Dhabi’s state owned Mubadala Investment Company has denied that six bonds totalling US$6.9 billion ($9.5 billion) that it is assuming from its subsidiary International Petroleum Investment Co (IPIC) are connected to 1Malaysia Developme

(Sept 14): Former Goldman Sachs Group Inc. President Gary Cohn backed the US bank’s dealings with embattled Malaysian state fund 1MDB while executives who questioned the transactions were sidelined, according to a new book.

SINGAPORE (June 14): The US Department of Justice (DoJ) described Eric Tan Kim Loong, 40, as an associate of Low Taek Jho or Jho Low.

(Aug 11): 1Malaysia Development Berhad (1MDB) said on Friday it has remitted the equivalent of US$360 million ($491 million) to the Abu Dhabi government-owned International Petroleum Investment Co (IPIC).

SINGAPORE (June 13): Malaysian businessman Low Taek Jho is alleged to have pocketed US$300 million ($415 million) in less than a week after funds illegally siphoned from 1Malaysia Development Bhd (1MDB) were used to finance the US$2.2 billion purchase of

SINGAPORE (Dec 22): Ex-BSI wealth planner Yeo Jiawei has been sentenced to a total of 30 months’ jail after he was convicted on Wednesday on all four charges of witness tampering.

KUALA LUMPUR (Dec 21): Malaysian state fund 1Malaysia Development Bhd has made interest payments on one of its bond issues this quarter, after failing to pay earlier this year because of a dispute with a guarantor, Malaysia's second finance minister s

KUALA LUMPUR (June 14): Abu Dhabi sovereign fund International Petroleum Investment Co (IPIC) and Aabar Investments PJS (Aabar) have submitted a request for arbitration (RFA) to the London Court of International Arbitration (LCIA) to claim US$6.5 billion

SINGAPORE / HONG KONG (May 23): The fortunes of bonds in Malaysia’s troubled investment fund are diverging this month: those guaranteed by Abu Dhabi’s sovereign wealth fund have rallied, while notes with support from Malaysia’s own government have d

KUALA LUMPUR (May 17): Malaysia said Tuesday it’s too early to conclude if fraud had occurred in dealings between its troubled state company and an Abu Dhabi sovereign wealth fund.