Malaysia's 1MDB debt to Abu Dhabi may have ballooned

London bourse filing by Abu Dhabi state fund lists a $9.5b debt, double what KL says it owes

A construction worker talks on the phone in front of a 1MDB billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia.
A construction worker talks on the phone in front of a 1MDB billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia. PHOTO: REUTERS

The 1MDB debt pile for Malaysia may have just grown larger.

A little-noticed statement to the London Stock Exchange earlier this month is sending fresh shock waves through Prime Minister Mahathir Mohamad's new government over the country's exposure to debts owed by the scandal-plagued state investment firm 1Malaysia Development Berhad (1MDB) to the Abu Dhabi government.

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A version of this article appeared in the print edition of The Sunday Times on October 14, 2018, with the headline 'Malaysia's 1MDB debt to Abu Dhabi may have ballooned'. Subscribe