KUALA LUMPUR: The balance of the 1Malaysia Development Bhd’s Asset Recovery Trust Account stood at RM1.927bil at the end of 2022, which is 87.4% lower than 2021, as a bulk of the funds were used to repay 1MDB debts that matured last year.
According to the Auditor-General's Report on the federal government's financial statement as at the end of 2022, there was a reduction of RM13.353bil in the fund, from RM15.281bil in 2021.
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