Najib: 1MDB is now free of short-term debts, bank debts

TUESDAY, MARCH 28 KUALA LUMPUR- Signing of economic and trade agreement in the presence of French President Francois Hollande at Majestic Hotel Kuala Lumpur at 1030 (0230 GMT) PUTRAJAYA- Prime Minister Najib Razak and French President Francois Hollande to attend signing ceremony of two agreements and to hold joint press conference at Prime Minister's Office at 1245 (0445 GMT)

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has cleared all of its short-term debts and bank debts amounting over RM3bil over the last two years, said Prime Minister Datuk Seri Najib Tun Razak (pic).

"At the moment, 1MDB has no outstanding short or long-term debts," said Najib, who is also Finance Minister, in a written reply in Parliament Thursday.