Malaysia’s $1.7 billion property deal to cut 1MDB debt falls through

May 3, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

KUALA LUMPUR (Reuters) – A $1.7 billion property deal that was expected to ease the debt burden of Malaysian state fund 1Malaysia Development Berhad (1MDB) fell through on Wednesday, complicating Prime Minister Najib Razak’s efforts to move on from a financial scandal surrounding the fund.