Malaysia stressed this is not the right time to figure out, if any, any fraudulent act that occurred in transactions between 1Malaysia Development Bhd. and Abu Dhabi’s International Petroleum Investment Co.
Previously, the Malaysian state firm disclosed it could be a victim of illegal activities in case payments amounting to $3.5 billion never reached the Abu Dhabi’s wealth fund.
The IPIC previously denounced ownership of an entity which obtained the funds called Aabar Investments PJS Ltd.
In a written response to the Malaysian parliament, the finance ministry said the company is still evaluating and taking measures to support allegations IPIC and Aabar BVI are liable for the missing money.
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