Monday, 2 June 2014
1MDB is struggling under burden of $11 billion in borrowed money. Critics questioned its investment choices, the size of its debt, $2.25 billion parked in a Cayman Island fund, hundreds of millions of dollars of revenue earned by Goldman Sachs for handling its bond issues, delays in its accounts, changes of auditors, and lack of transparency. A $1.9 billion bridging loan that fell due in November has been rolled over twice, most recently two weeks ago.
Posted by STEADYAKU47 at Monday, June 02, 2014