Guan Eng: Malaysia on the hook for RM50bil of 1MDB’s debts


KUALA LUMPUR: Malaysia will have to pay about RM50bil of beleaguered state fund 1Malaysia Development Bhd’s dues, finance minister Lim Guan Eng told reporters on Friday.

The new government has vowed to find out how funds went missing from 1MDB, set up nearly a decade ago by former prime minister Najib Razak, a disappearance it says led to the finance ministry having to bail out the fund a year ago.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read