RM925mil of 1MDB funds recovered, says Lim


  • Nation
  • Saturday, 13 Jul 2019

Finance Minister Lim Guan Eng says the government's fiscal consolidation is on track as it targets to reduce the deficit from 3.7% of GDP in 2018 to below 3% by 2021.

KUALA LUMPUR: A total of RM925.1mil of money related to 1Malaysia Development Bhd (1MDB) has been returned to the government to-date, says Finance Minister Lim Guan Eng.

“A total of RM805.8mil was returned from the United States, of which RM567.8mil was from the sale of Park Lane Hotel in Man­hattan, New York, and RM238mil from Red Granite Pictures,” he said in a statement.

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