ipic

Salleh: No proof Equanimity belongs to Jho Low

Minister says the opposition is using 'fake news' about the vessel's seizure to garner votes.

GANT1 suit: Court grants stay on Najib, 1MDB filing defence

UPDATED 9.20PM | This pending disposal of an appeal against the order to file their defence.
  Koh Jun Lin

Court sets date for Najib’s appeal against filing defence in GANT1 suit

PM and 1MDB pleading against High Court order to file defence in suit over IPIC payment.
  Hafiz Yatim

Dismissed - Najib, 1MDB's bid to strike out GANT1's suit over IPIC

UPDATED 5.05PM | Judge rules Harapan Youth leaders have locus standi to initiate the suit.  
  Hafiz Yatim

Pua: Did 1MDB try to cover up MOF payment to IPIC?

The DAP MP accuses S'pore's Straits Times of running stories that helped cover up 1MDB's financial woes. 

MOF is not beholden to anybody, says Johari on 1MDB debt settlement

UPDATED 12.35PM | The second finance minister also passes the buck to the 1MDB chair when asked about the firm's settlement to IPIC. 
  Kow Gah Chie

Report: Chinese firms came to 1MDB's rescue

Chinese gov't-linked white knight firms reportedly buy land and other assets to finance IPIC repayment.

1MDB meets deadline to repay IPIC

UPDATED 4.50PM | 1MDB claims that the funds were paid from proceeds from rationalisation programme.

1MDB plans to meet Dec 31 deadline on IPIC payment

'It is very much the plan to get it paid on or before Dec 31', says a source familiar with the matter.

Arul Kanda's term with 1MDB extended

He will now continue as 1MDB president and CEO even though his tenure was set to end on Dec 31.

Ultimately, the billions for IPIC are paid by taxpayers

YOURSAY | ‘And why are we paying IPIC if we had already paid Aabar BVI?’
  Yoursay

Tony Pua: How did 1MDB pay IPIC?

 UPDATED 12.47PM | PJ Utara MP asks if MOF extended funds to 1MDB and if taxpayers ended up paying the US$602 million owed.

IPIC: 1MDB has paid up the first tranche of settlement due

'IPIC has received the funds required to be paid by Aug 31,' the investment firm tells the London Stock Exchange.     

Irwan: 'Wait and see' if 1MDB will pay IPIC

UPDATED 2.15PM | 1MDB paid half of the US$602m owed on Aug 12, with deadline for balance expiring tomorrow.
  Annabelle Lee

'How did 1MDB make 'equivalent' of US$350mil payment to IPIC?'

DAP PJ Utara MP Tony Pua does the math and finds troubling questions.

'Is the extra US$40m 1MDB paid to IPIC interest for being late?'

If it is, it is a hefty and extortionate 'default' penalty, says DAP stalwart Lim Kit Siang.  

1MDB makes partial payment of US$350m to IPIC

UPDATED 4.55PM | The payment was made before 1MDB was scheduled to pay IPIC US$310 million on Aug 12.

1MDB wasting public funds by accruing interest on late payment

YOURSAY | ‘The constant delays in repaying IPIC reflect badly on 1MDB’s managers.’
  Yoursay

IPIC extends deadline for 1MDB, wants partial payment by Aug 12

UPDATED 5.40PM | In a filing to the London Stock Exchange, IPIC says 1MDB is obliged to pay at least US$310 million by this Saturday.

Report: 1MDB likely to miss deadline, again

Failure to meet the deadline today will cause 'additional obligations' to be imposed on 1MDB. 

Bailout is only way out for 1MDB, says Pua

No bank will touch the 'investment fund units' meant for paying IPIC, says the MP.

Johari: Gov't not issuing RM2.5b bond to help 1MDB

The minister says it’s a normal bond to fund the budget deficit, denies a 1MDB link.

1MDB yet to ask gov't for help to pay IPIC, says Johari

UPDATED 2.25PM | The gov't will not assist 1MDB if it does not ask for help, says the second finance minister.
  Kow Gah Chie

Harapan: Failure to pay IPIC proves misappropriation of 1MDB

Pakatan Harapan info chiefs urge the Bank Negara, police and MACC to conduct probes into the matter.

Najib denies 1MDB unable to pay IPIC, says it's technical

PARLIAMENT | This is not expected to hurt confidence in the M'sian economy, Najib tells the House.
  Zikri Kamarulzaman

IPIC: 1MDB and MOF Inc have 5 days to 'remedy' situation

Failure to comply will subject 1MDB and MOF Inc to 'additional obligations'.

1MDB misses noon deadline to pay IPIC

UPDATE 4.25PM | 1MDB admits that it is waiting for funds that have been delayed to later this month.

1MDB's deadline to pay IPIC, today at noon

UPDATED 10.49AM | The embattled state fund has to pay RM2.58 billion to the Abu-Dhabi based sovereign wealth fund over its settlement agreement. 

Jasa claims RM43m fine against bank linked to IPIC, not 1MDB

This is because the key person involved is IPIC’s former managing director, says Jasa.

Group demands PM to explain queries over 1MDB-IPIC deal

GANT1 wants to know whether action will be taken against IPIC officers to recover the US$3.5 billion.
  Geraldine Tong
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