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.

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