KUALA LUMPUR, Jan 13 ― State investor 1Malaysia Development Bhd (1MDB) has redeemed in full the US$2.318 billion (RM8.3 billion) it invested in the Cayman Islands, the company said in a statement today.
1MDB had previously redeemed US$1.2 billion of the funds invested by a company registered in the Cayman Islands, and has repatriated the remaining US$1.1 billion.
1MDB last month defended its investments in the Cayman Islands, following criticism by opposition lawmakers over a lack of transparency around its operations. ― Reuters
