Maharlika Investment Corporation Denies Allegations of Link to 1MDB Scandal
Manila: The Maharlika Investment Corporation (MIC) has firmly refuted reports linking it to a financier involved in Malaysia’s infamous 1MDB scandal. The corporation described these reports as ‘false and misleading,’ emphasizing that they threaten its reputation and integrity. According to Philippines News Agency, MIC issued a statement addressing claims by several online outlets, including SarawakReport.org, which suggested that British businessman Patrick Mahony was acting as an ‘advisor’ to the corporation. Sarawak Report, known for its investigative journalism on environmental and corruption issues in Malaysia, was specifically mentioned as the source of these claims. MIC strongly denied these allegations, stating, “MIC