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Finance Ministry says has paid RM1.7b of SRC International’s debt to KWAP | Malay Mail

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Finance Ministry says has paid RM1.7b of SRC International’s debt to KWAP

The finance minister said as a guarantor to the RM4 billion loan made by the former 1MDB subsidiary, the government needs to ensure the pension funds could still function by not defaulting on the payments. — Picture by Shafwan Zaidon

“The total payment made by the Ministry of Finance for SRC International Sdn Bhd now is RM1,691,822,628.05,” he said in a statement here. Lim acknowledged that while the government is struggling fiscally, it will still ensure that enough funds be allocated to honour the debt schedule — which has a balance of around RM3.8 billion unaccounted for.

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Finance ministry to ensure enough cash to repay KWAP for SRC loansLim Guan Eng says his ministry has repaid a total of RM1,691,822,628 in principal amount and interests so far. FMTNews
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