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Malaysia to investigate Battersea Power Station property deal

The purchase of Battersea Power Station, the biggest property deal in the UK, is under threat after the leader of Malaysia’s governing coalition said it would be investigated as part of “dubious” investments made by the previous administration.

On a visit to London to meet British ministers, Anwar Ibrahim, who leads the recently elected Pakatan Harapan, said a series of deals paid for by Malaysian sovereign funds and pension funds had to be looked at again and renegotiated if there were any wrongdoing.

In January, Permodalan Nasional Berhad, a state fund, agreed to buy a direct stake from other Malaysian shareholders in the power station next to the Thames, valuing the building at £1.6bn.

Click here for the full Guardian article

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