Ahmad Maslan: I think this 1MDB problem is almost solved
Deputy Finance Minister I Datuk Seri Ahmad Maslan told Parliament that the 1MDB debt still outstanding as at September 30, 2023 was down to RM5.15 billion. — Bernama pic
Monday, 06 Nov 2023 10:02 PM MYT
KUALA LUMPUR, Nov 6 — Malaysia is almost done paying for 1Malaysia Development Berhad’s (1MDB) debts, Deputy Finance Minister I Datuk Seri Ahmad Maslan said today.
He told Parliament that the 1MDB debt still outstanding as at September 30, 2023 was down to RM5.15 billion.
“(Malaysia) is expecting US$1 billion or RM4.65 billion from International Petroleum Investment Company (IPIC) in 2024 and the overall balance of the trust account amounting to RM9.85 billion, that is sufficient to cover the payment of the remaining 1MDB debt commitment amounting to RM5 billion.
“Therefore, I think this 1MDB problem is almost solved,” Ahmad told the Dewan Rakyat during his winding-up speech on the Supply Bill 2024 for the debate at committee stage.
He added that in 2024, the government will only need to make an interest payment of RM287 million.
“The last principal payment is due in 2039, and that is RM5 billion,” he added.
In March, the government had paid 1MDB’s totalling RM43.8 billion, leaving a balance of RM9.7 billion involving a principal of RM5 billion and RM4.7 billion in interest.
Calling 1MDB "solved" is a huge piece of disinformation, no doubt intended to mislead the public into forgiving Najib and other conspirators.
ReplyDeleteThe debt has been paid by the Malaysian Government - basically the Malaysia taxpayer, with nothing to show. Zilch returns
1MDB was meant to be an Investment Fund i.e it meant to return more money than what was sunk in. Using borrowed money.
It's the borrowed funds repayment which is on the way to be repaid.
The original stolen funds are GONE, and only a small portion recovered so far