Govt has extended RM8.9b to 1MDB

11 Oct 2019 / 16:16 H.

• As at end-June 2019, the government has extended an advance of RM8.9 billion to 1Malaysia Development Bhd (1MDB) for debt servicing.

• The government is also in the process of recovering several assets related to 1MDB’s financial trail.

• As at end-June, the government has received about RM920 million, from the recovered assets, which will be utilised to serve 1MDB’s debt obligations.

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