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1MDB Misses $603 Million Payment to Abu Dhabi Sovereign Wealth Fund

  • Amount part of $1.2 billion settlement with Abu Dhabi’s IPIC
  • 1MDB, IPIC have been in debt tussle for more than a year
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1MDB Missed $603M Payment to IPIC

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1Malaysia Development Bhd., the embattled state investment company, said it failed to make a $603 million payment to Abu Dhabi’s sovereign wealth fund because of a delay it faced in receiving the money.