RM1.3 bil repatriated from 1MDB assets will be used to service debts

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The government says the debts include loans and interest borne by the finance ministry.

Finance Minister Lim Guan Eng says the government will continue its efforts to recover other 1MDB assets.

In a statement, its minister Lim Guan Eng said the RM51 billion includes the RM8.6 billion in interest borne and loans by the ministry that were used to repay the debts. Yesterday, Attorney-General Tommy Thomas said that some US$322 million will be received from assets worth US$1.7 billion being claimed by the United States’ Department of Justice .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in LOANS

Loans Loans Latest News, Loans Loans Headlines