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RM27.17bil linked to 1MDB recovered as of September, says Finance Ministry

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Asset Recovery Trust Account,1MDB,Hannah Yeoh

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KUALA LUMPUR: The government has recovered a total of RM27.17bil related to 1Malaysia Development Bhd as of Sept 30, 2024.

"The government will continue its efforts to recover all funds related to 1MDB that have been misappropriated, with the primary goal of maximising returns to settle 1MDB’s debts within the stipulated timeframe,” she said in the Dewan Rakyat on Tuesday . She stated that this financing was carried out through the sukuk issuance of Islamic Medium Term Notes on May 29, 2009, with a maturity period of 30 years at an interest rate of 5.75 per cent per annum.Yesterday, the Auditor General’s Report 3/2023 reported that the federal government had allocated grants amounting to RM39.74bil to 1MDB from 2019 to 2023 for principal repayment and other expenses, including bond interest and coupon payments.

 

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