PN govt asked to explain if it dropped RM24.8b IPIC-1MDB dispute in UK

The Perikatan Nasional government must clarify reports that it is dropping a case filed by the previous Pakatan Harapan government against Abu Dhabi's International Petroleum Investment Company (IPIC) over a US$5.87 billion (RM24.8 billion) settlement dispute, Damansara MP Tony Pua said.

This came after the Sarawak Report, which first exposed the 1MDB scandal in 2015, claimed that the PN government has decided to halt court proceedings against IPIC in the UK in favour of diplomatic negotiations with the Abu Dhabi government.

"Foreign Minister Hishamuddin Hussein must confirm if the Malaysian government has stopped the court proceedings in London against IPIC to...