3 days ago
- Business
- New Straits Times
RM29.7bil linked to 1MDB, SRC recovered since 2018
KUALA LUMPUR: The government has successfully recovered RM29.7 billion linked to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd (SRC) since the establishment of the Asset Recovery Trust Account in 2018.
Finance Minister Datuk Seri Anwar Ibrahim said that of the total, RM10.9 billion represented the cumulative value recovered from 2022 up to June 30, 2025.
He said that as at July 31 this year, the net funds channelled to 1MDB for debt repayments stood at RM42.17 billion.
"This comprised RM15.44 billion from the ministry and Minister of Finance Incorporated (MOF Inc) funds, provided in the form of shareholder advances or loans, and RM26.73 billion from 1MDB asset recovery proceeds.
"A total of RM28.93 billion was used to repay 1MDB's debt principal, while RM13.24 billion was allocated for interest payments and the company's other commitments," he said in a written parliamentary reply.
He was responding to Datuk Seri Dr Wan Azizah Wan Ismail (PH-Bandar Tun Razak), who had enquired about the total amount of public funds recovered by the government since 2022, including the return of assets linked to high-profile cases such as 1MDB.
Anwar added that 1MDB's remaining debt, comprising principal and interest on Sukuk Islamic Medium-Term Notes payable until 2039, amounts to RM9.02 billion, including RM5 billion in principal and RM4.02 billion in interest.
As for SRC, the government has channelled RM5.35 billion to cover its principal, interest and other financial commitments, he said.
He added that the process of recovering funds linked to 1MDB and SRC is still ongoing.
"It is a complex and lengthy process which may take years, as it not only involves cooperation between several domestic agencies and foreign agencies from various countries, but also requires court proceedings and settlement negotiations.
"The current government remains fully committed to continuing efforts to recover all misappropriated funds related to 1MDB and SRC, with the ultimate goal of maximising returns to settle debts and fulfil the obligations of 1MDB and SRC within the stipulated timeframe."
