RM43.8 bil 1MDB debt cleared to date: Ahmad Maslan

KUALA LUMPUR – The government has paid 1Malaysia Development Bhd’s (1MDB) totalling RM43.8 billion with a debt balance that has not been paid amounting to RM9.7 billion, involving a principal of RM5 billion and RM4.7 billion interest, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

“To date, the government has paid 1MDB’s debt totalling RM43.8 billion.

“The payment was made through shareholders advances which amounted to RM24.5 billion and trust account (RM19.3 billion),” he said when winding up the debate on the Supply Bill 2023 at the committee level for the Finance Ministry in the Dewan Rakyat, today.

He said the government had also recovered RM33.6 billion of 1MDB assets and RM8 billion from the settlement with Abu Dhabi’s investment firm, International Petroleum Investment Company.

According to Ahmad, 1MDB’s principal loan totalled RM33.6 billion while the interest amounted to RM14.9 billion. – Bernama, March 13, 2023