1MDB paid Bloomberg to list one of its funds to give it legitimacy, says witness
KUALA LUMPUR (Aug 19): Former 1Malaysia Development Berhad (1MDB) chief executive officer (CEO), Mohd Hazem Abdul Rahman told the High Court here today that the company had paid international news agency Bloomberg to list one of its funds to improve poor public perception of the investment portfolio. It was reported in 2016 that 1MDB had selected Bridge Partners Investment Management (Cayman) Ltd to manage US$2.3bil (RM7.67bil) of its cash. The money was invested in BGARF, a Cayman Islands-registered segregated portfolio company (SPC).
https://politikus.sinarproject.org/organizations/government-linked-companies/1malaysia-development-berhad-1mdb/1mdb-paid-bloomberg-to-list-one-of-its-funds-to-give-it-legitimacy-says-witness
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1MDB paid Bloomberg to list one of its funds to give it legitimacy, says witness
KUALA LUMPUR (Aug 19): Former 1Malaysia Development Berhad (1MDB) chief executive officer (CEO), Mohd Hazem Abdul Rahman told the High Court here today that the company had paid international news agency Bloomberg to list one of its funds to improve poor public perception of the investment portfolio. It was reported in 2016 that 1MDB had selected Bridge Partners Investment Management (Cayman) Ltd to manage US$2.3bil (RM7.67bil) of its cash. The money was invested in BGARF, a Cayman Islands-registered segregated portfolio company (SPC).
Bernama,
(19 Aug, 2021).
1MDB paid Bloomberg to list one of its funds to give it legitimacy, says witness.
Retrieved 19 Aug, 2021,
from
https://www.theedgemarkets.com/article/1mdb-paid-bloomberg-list-one-its-funds-says-witness
