No more govt assets sold to repay 1MDB debts, PAC told

PETALING JAYA: No more government assets were sold to repay debts linked to 1Malaysia Development Bhd (1MDB) following the change in the Federal Government in 2018, the Public Accounts Committee (PAC) was told.

This was stated in a 29-page report released by the PAC on Monday (Oct 3) concerning follow-up actions taken by the Finance Ministry and Bank Negara Malaysia (BNM) following its report on Dec 13, 2021, which confirmed that the land dubbed Lot 41 was sold to facilitate 1MDB’s debt settlement.