Another factor contributing to the reduction in national debt was Putrajaya being able to recover “quite a lot of money that was lost, that was kept by Singapore”, he said, without giving an exact figure.“That money has helped to reduce the debt,” he said, adding that the government is still trying toThe prime minister was then asked if the money recovered from Singapore was related to 1Malaysia Development Berhad ."I will have to ask the Finance Minister.
In 2016, Singapore authorities said they seized S$240 million in cash and properties as a result of investigations into 1MDB-related fund flows through Singapore
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Source: The Straits Times - 🏆 8. / 63 Read more »