Malaysia's 1MDB says $350 mln paid to Abu Dhabi for debt deal

1MDB makes payment to IPIC

1MDB also said that "all funds paid to IPIC are from proceeds of the ongoing rationalisation programme".

The Abu Dhabi state-owned fund said: "IPIC has now received the funds required by Aug 12, 2017 for the extension agreed with Minister of Finance (Inc) Malaysia (MoF Inc) and 1MDB to be effective".

"The balance of the original July 31, 2017, payment obligation to IPIC is accordingly now due on August 31, 2017".

1MDB makes payment to IPIC

1Malaysia Development Bhd (1MDB) announced that it has made a payment of US$360 million (RM1.55 billion) to International Petroleum Investment Company PJSC (IPIC).

It was granted an extension to pay about US$600 million by the end of August, on the condition that half that amount was remitted by today.

In a declaration included in Justice Department's latest filings, a Federal Bureau of Investigation (FBI) agent warned that information in the civil cases may reveal "potential targets and subjects of the investigation and the investigative techniques that have been and will be used in the investigation", Bloomberg reported.

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The lawsuits also said US$681 million from 1MDB was transferred to the account of "Malaysian Official 1", which USA and Malaysian sources have previously identified as Najib.

"Malaysians are entitled to know whether the difference of US$40 million was the "default interest" which 1MDB had to pay as a penalty for failing to (meet) the original July 31 deadline and a five-day extension for the first tranche", he said in a statement.

Several high-level officials and their associates are accused of having stolen more than $4.5 billion from 1MBD, a Malaysian state investment fund created by Prime Minister Najib.

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Najib has denied any wrongdoing and a Malaysian government investigation has cleared him of any charges.

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