The Finance Ministry said its Minister of Finance and 1MDB have reached a settlement regarding their dispute with Abu Dhabi’s International Petroleum Company and Aabar Investments PJS in respect of legal proceedings in the London Court of International Arbitration and the London High Court. “In this respect, IPIC and Aabar PJS have agreed to pay US$1.8 billion to Minister of Finance and 1MDB.
Tengku Zafrul, who had previously served as finance minister under the Muhyiddin and Ismail Sabri administration, was understood to have continued the talks under Prime Minister Datuk Seri Anwar Ibrahim's current administration.
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