RM29.7bil in 1MDB and SRC funds recovered by govt
The Finance Ministry said the effort involves a complex and lengthy process requiring international cooperation and legal proceedings.
In a written reply to Datuk Seri Dr Wan Azizah Wan Ismail (PH-Bandar Tun Razak), the ministry said RM10.9bil has been accumulated in the Assets Recovery Trust Account from 2022 to June 30 this year.
As of July 31 this year, a net RM42.17bil has been allocated to 1MDB to finance debt repayments and company commitments.
This includes RM15.44bil from the ministry and Minister of Finance Incorporated provided as shareholder advances or loans.
It also includes RM26.73bil from recovered 1MDB assets.
The funds have been used to pay RM28.93bil in 1MDB principal debt and RM13.24bil in interest and company commitments.
The remaining 1MDB debt for principal and Sukuk IMTN interest payments until 2039 stands at RM9.02bil.
This comprises RM5bil in principal and RM4.02bil in interest.
For SRC, the government has allocated RM5.35bil to cover principal, interest and company commitments.
The ministry said the recovery process is ongoing and requires collaboration with local and international agencies.
It added that legal proceedings and settlement negotiations are part of the process.
The government remains committed to maximising recovery to settle 1MDB and SRC debts within the stipulated timeframe.
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Free Malaysia Today
4 days ago
- Free Malaysia Today
Malaysia has recovered US$7bil in funds linked to 1MDB
1MDB, a state investment fund that took shape under former prime minister Najib Razak, is at the centre of a multi-billion dollar scandal. (Reuters pic) PETALING JAYA : The Malaysian government has recovered RM29.7 billion (US$7 billion) of funds relating to 1Malaysia Development Bhd (1MDB) and its former unit SRC International Sdn Bhd since the establishment of the Assets Recovery Trust Account, according to the finance ministry. As of the end of July, RM42.17 billion has been channeled to 1MDB to finance debt repayments and fulfill the company's commitments, the finance ministry said in a written parliamentary reply yesterday. 'Of the amount, RM15.44 billion was channeled from the finance ministry and the Minister of Finance Incorporated in the form of shareholder advances or loans, while RM26.73 billion came from the proceeds of 1MDB's asset recovery,' it said. 1MDB, a state investment fund that took shape under former prime minister Najib Razak, is at the centre of a multi-billion dollar scandal that has spawned probes in Asia, the US and Europe. Najib, convicted of crimes linked to 1MDB, is currently serving a prison sentence but is seeking to spend the remainder of it under house arrest. He is expected to be released in 2028. 'The process to recover 1MDB and SRC funds is still ongoing and is a complicated and long process that will take years,' said the finance ministry. 'This is because it not only involves cooperation between several local agencies and foreign agencies from various countries, but also involves legal processes in court and settlement negotiations,' it added. Other findings from the finance ministry's reply are: About RM28.93 billion was used to pay 1MDB's principal debt, while RM13.24 billion was for interest payments and the company's commitments. 1MDB's remaining debt, involving principal and interest payments until 2039 is RM9.02 billion, comprising principal of RM5 billion and interest of RM4.02 billion. For SRC International, RM5.35 billion has been channeled by the government to finance principal, interest on debt and meet the company's commitments.
Malay Mail
4 days ago
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Putrajaya says clawed back RM29.7b from 1MDB and SRC since 2018
KUALA LUMPUR, Aug 14 — The government has recovered RM29.7 billion linked to 1MDB and SRC International since the establishment of the Assets Recovery Trust Account in December 2018, the Finance Ministry said In a written reply to Bandar Tun Razak MP Datuk Seri Dr Wan Azizah Wan Ismail, it said RM10.9 billion of the recovered amount was accumulated between 2022 and 30 June 2025. As of July 31, RM42.17 billion has been channelled to 1MDB for debt payments and company commitments. This includes RM15.44 billion from the Ministry of Finance and Minister of Finance Incorporated in shareholder advances or loans. Another RM26.73 billion came from recovered 1MDB assets. A total of RM28.93 billion was used to repay 1MDB's principal debt, while RM13.24 billion covered interest and other obligations. 'As of now, the remaining 1MDB debt involving principal and interest payments for the Sukuk IMTN until 2039 amounts to RM9.02 billion, comprising RM5 billion in principal and RM4.02 billion in interest,' it said. The ministry said recovering misappropriated 1MDB and SRC funds remains a complex and lengthy process involving international cooperation and legal proceedings. It stressed the government's commitment to maximising returns to settle all outstanding debts and obligations within the set timeframe.
The Star
4 days ago
- The Star
RM29.7bil in 1MDB and SRC funds recovered by govt
KUALA LUMPUR: The government has recovered RM29.7bil in public funds linked to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd, the Dewan Rakyat heard. The Finance Ministry said the effort involves a complex and lengthy process requiring international cooperation and legal proceedings. In a written reply to Datuk Seri Dr Wan Azizah Wan Ismail (PH-Bandar Tun Razak), the ministry said RM10.9bil has been accumulated in the Assets Recovery Trust Account from 2022 to June 30 this year. As of July 31 this year, a net RM42.17bil has been allocated to 1MDB to finance debt repayments and company commitments. This includes RM15.44bil from the ministry and Minister of Finance Incorporated provided as shareholder advances or loans. It also includes RM26.73bil from recovered 1MDB assets. The funds have been used to pay RM28.93bil in 1MDB principal debt and RM13.24bil in interest and company commitments. The remaining 1MDB debt for principal and Sukuk IMTN interest payments until 2039 stands at RM9.02bil. This comprises RM5bil in principal and RM4.02bil in interest. For SRC, the government has allocated RM5.35bil to cover principal, interest and company commitments. The ministry said the recovery process is ongoing and requires collaboration with local and international agencies. It added that legal proceedings and settlement negotiations are part of the process. The government remains committed to maximising recovery to settle 1MDB and SRC debts within the stipulated timeframe.
