By now, 1MDB has supposedly “redeemed” US$2.3bn from a fund registered in the Cayman Islands.
Of this amount, the firm says US$1.2bn (60 per cent) had been “redeemed” earlier, as reflected in its 31 March 2014 accounts. On 13 January 2015, 1MDB announced it had “redeemed” the remaining US$1.1bn. It also reportedly received US$267m in dividends. (more…)