PETALING JAYA: The government has recovered a total of RM31.2bil in public funds linked to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd (SRC) since establishing the Asset Recovery Trust Account (AA MKA) in December 2018, says the Finance Ministry.
The ministry said the recovered funds are strictly regulated and directed solely to settle debts and meet existing 1MDB and SRC obligations and have not been used for new operating or development projects.
“The controls on these funds are essential to ensure that public money is not further burdened by liabilities arising from past scandals,” it said in a written reply.
The reply comes in response to Datuk Seri Dr Wan Azizah Wan Ismail (PH–Bandar Tun Razak), who asked how the government would ensure that assets recovered from high-profile cases benefit the public through transparent and effective monitoring.
As of Sept 30, the AA MKA still holds RM5.29bil, while the remaining 1MDB debt stands at RM24.46bil. This includes RM9.02bil in Islamic Medium Term Note sukuk, comprising RM5bil in principal and RM4.02bil in interest, and RM15.44bil in shareholder advances from the Finance Ministry and Minister of Finance Incorporated.
The ministry said the current government remains committed to intensifying efforts to recover all misappropriated 1MDB and SRC funds, aiming to maximise returns to clear outstanding debts and meet obligations within the stipulated timelines.
