Latest news with #RM13.24
The Sun
3 days ago
- Business
- The Sun
RM42.17 billion disbursed to 1MDB for debt repayments up to July 2025
KUALA LUMPUR: A total net fund of RM42.17 billion has been disbursed to 1Malaysia Development Bhd (1MDB) as of July 31, 2025. The Finance Ministry stated that the funds were used for debt repayments and company commitments. Of the total amount, RM15.44 billion was sourced from the Ministry of Finance and Minister of Finance Inc. The remaining RM26.73 billion came from recovered 1MDB assets. According to the ministry, RM28.93 billion was allocated for principal debt repayment. Another RM13.24 billion was utilised for interest payments and company obligations. The details were provided in a parliamentary reply on the Dewan Rakyat portal. The response addressed a query from Datuk Seri Dr Wan Azizah Dr Wan Ismail (PH-Bandar Tun Razak). She sought information on public funds recovered since 2022, including assets linked to high-profile cases like 1MDB. - Bernama
Barnama
3 days ago
- Business
- Barnama
Net Fund Of RM42.17 Bln Disbursed To 1MDB Up To July 2025 For Debt Repayments, Company Commitments
BUSINESS KUALA LUMPUR, Aug 13 (Bernama) -- A total net fund of RM42.17 billion has been channeled to 1Malaysia Development Bhd (1MDB) to finance its debt repayments and meet its financial commitments as of July 31, 2025, the Finance Ministry (MoF) said. The ministry said that of the amount, RM15.44 billion came from MoF's fund and the Minister of Finance Inc (MoF Inc) which was channeled in the form of shareholder advances or loans. The remaining RM26.73 billion was from funds resulting from 1MDB asset recovery. 'Of the total, RM28.93 billion was used for 1MDB principal debt repayment while RM13.24 billion was for interest payments and company commitments,' MoF said in a parliamentary reply on the Dewan Rakyat portal today. This was in response to a query from Datuk Seri Dr Wan Azizah Dr Wan Ismail (PH-Bandar Tun Razak) who wanted to know the amount of public funds recovered since 2022, including the return of assets linked to high-profile cases such as 1MDB. The MoF said to date, 1MDB's outstanding debt, comprising Islamic medium-term notes (IMTN) principal and interest payments up to 2039, amounts to RM9.02 billion -- RM5 billion in principal amount and RM4.02 billion for interest. The ministry said the government has channeled RM5.35 billion towards financing the principal, interest and commitments of strategic investment company SRC International Sdn Bhd (SRC). 'The present government is highly committed to continuing efforts to recover all misappropriated funds related to 1MDB and SRC, with the primary objective of maximising returns to settle debts and meet the commitments of 1MDB and SRC within the stipulated timeframe,' said the MoF. It said that since the Asset Recovery Trust Account was established in December 2018, the government has successfully recovered a total of RM29.7 billion linked to 1MDB and SRC.
