Anwar questions Ambank's fundraising exercise, fears 1MDB link

Opposition leader Anwar Ibrahim has expressed concern over the timing of AMMB Holdings Berhad's (Ambank Group) plan to raise RM810 million via a proposed private placement exercise.

This came after The Edge reported that Ambank is holding a private placement exercise in hopes of raising an estimated RM810 million in short order, just over a month after it reached an RM2.83 billion settlement for its involvement in the 1MDB scandal...