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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 ....
RM20.5bil worth of 1MDB assets returned to Malaysian govt: MACC | Daily Express Online dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.