Philippine sovereign wealth fund (SWF) manager Maharlika Investment Corp. (MIC) has denied circulating claims that a fraudster serves as the state-run firm’s adviser.
In an Oct. 21 statement, MIC said it “unequivocally and categorically denies” that a convicted fraudster from the financing firm One Malaysia Development Berhad (1MDB) now holds an advisory role in the SWF.
“These reports contain false, b
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