Indah Water: Finance Ministry dismisses Ranhill Utilities due diligence claim

The Finance Ministry (MOF) today disclaimed Ranhill Utilities Bhd’s notification to Bursa Malaysia that the ministry and Minister of Finance Incorporated (MOF Inc) had issued an offer letter to the company to undertake due diligence on Indah Water Konsortium Sdn Bhd (IWK).

In a statement, the ministry said MOF Inc's wholly-owned subsidiary, Prokhas Sdn Bhd had also never issued any invitation to any party to undertake due diligence on IWK as stated in Ranhill’s statement...