KUALA LUMPUR: 1Malaysia Development Berhad chairman Irwan Serigar Abdullah has refuted a report in the Financial Times that China will assist 1MDB in making a repayment to International Petroleum Investment Company (IPIC).
Irwan Serigar said: “I am the chairman. No one spoke to me. No one is talking to the Chinese,” he told reporters after a Global Entrepreneurship Community launch today.
He was asked to comment on yesterday’s article in Financial Times that China was assisting Malaysia with the payment.
The report comes amid a US$6.5 billion dispute between 1MDB and the Abu Dhabi state-owned fund.
According to the Financial Times, three people with knowledge of the matter had said China was approached as a source of funds for 1MDB.
It added that one source told the paper that Malaysia would swap assets for financing.