KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) is not in talks with China about settling any payment disputes, said its chairman Tan Sri Dr Mohd Irwan Serigar Abdullah.
"I am the chairman of 1MDB and there is no such thing. Nothing.
"As the 1MDB chairman, there is no such thing as talking to the Chinese about this," he said during a press conference at the Global Entrepreneurship Community 2016 today.
Irwan was referring to a report in the
Financial Times yesterday which claimed that 1MDB was preparing to make a repayment, with Chinese assistance, to Abu Dhabi’s state-owned International Petroleum Investment Company, as it seeks to settle a dispute in which the Emirati fund is claiming about USD$6.5 billion.
The report had claimed that this was confirmed by two people familiar with the matter.