In comments to NewsBase on the case of 1MDB, Lawrence Chong, CEO of Consulus shared that the unsavoury allegations and huge debt accrued by 1MDB have also damaged the Malaysian government’s image, since it directly controls the asset fund. It has also weakened the economic climate in the country.
“With the investigation and media spotlight, the 1MDB brand is so toxic now that I don’t think any sensible investor or company will want to deal with them, so it makes sense for Tenaga Nasional to take over,” Chong added.
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