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Maharlika denies fraudster adviser
Manila Bulletin
|October 23, 2025
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.
This story is from the October 23, 2025 edition of Manila Bulletin.
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