The MoF, as sole shareholder of 1MDB, has also decided to dissolve the board of advisors of MDB and accepted the resignation of the current board of directors of the state owned fund. These were among the recommendations contained in the PAC report on 1MDB that was released last month.
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) does not have any overdue debts, says the Finance Ministry.
"1MDB has never failed to settle its debts, including payment of loan interest," the Ministry said in a written reply to Mohamed Hanipa Maidin (PAS-Sepang) who wanted to know 1MDB's outstanding debts and lenders.
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