The Government still needs to cover a shortfall of RM17 billion to repay the remaining balance in principal and interest of 1Malaysia Development Bhd’s (1MDB) debts totalling RM38.8 billion for the 2023 to 2039 period, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz Monday.
He said the Government had repaid RM13.31 billion of 1MDB’s loans and interest through the Ministry’s Assets Recovery Trust Account.
“At the same time, the trust account still has a balance of RM15.76 billion and (this) is not sufficient to settle all 1MDB’s principal loans,” he said when winding up the debate on the motion of thanks for the Royal Address for the Ministry of Finance at the Dewan Rakyat, Monday
The government still needs to cover a shortfall of RM17 billion to repay the remaining balance in principal and interest of 1Malaysia Development Bhd’s (1MDB) debts totalling RM38.8 billion for the 2023 to 2039 period, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today.
He said the government had repaid RM13.31 billion of 1MDB’s loans and interest through the ministry’s Assets Recovery Trust Account
The Government of Malaysia, together with the Minister of Finance Inc (MoF Inc), 1Malaysia Development Bhd (1MDB) and four of its subsidiaries had informed the High Court that they have withdrawn their suit against partners of the audit firm KPMG.