PETALING JAYA: More than two-thirds of 1Malaysia Development Bhd’s (1MDB) total borrowings of RM36.25bil are supported by guarantees either from the Government, the company itself, which is entirely owned by the Minister of Finance Inc (MoF Inc), or backed by its partners from Abu Dhabi.
The fund’s latest financial accounts ending March 31, 2013 viewed by StarBiz showed that of the total borrowings, a total of RM28.22bil of its loans and bonds were secured.
