‘No govt assets were sold to pay 1MDB debts’


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

Treasury secretary-general Datuk Seri Asri Hamidon said, “All of these are now in the open, or in the Federal Consolidated Fund.

“No more selling of government assets in order to pay any coupon related to 1MDB,” he was quoted as saying in a PAC report released yesterday.

Asri had briefed PAC on the matter during proceedings on July 27, which were held to find out what follow-up actions had been taken by the Finance Ministry on recommendations by the PAC with regards to Bank Negara Malaysia’s procurement of “Lot 41”.

This is a piece of land adjacent to the Sasana Kijang complex in Kuala Lumpur.

PAC, in its report on Dec 13, 2021, revealed that the Cabinet during Datuk Seri Najib Razak’s administration had decided for the plot of government land to be sold to Bank Negara.

The decision to get the central bank to buy the RM2.07bil plot in the city was to pay off 1MDB’s debt, it added.

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