THE federal government channelled grants amounting to RM 39.74 billion to 1MDB between 2019 and 2023.
The grants were for principal repayment and other expenses, including bond interest and coupon payments, according to the Auditor-General’s Report 3/2024 on the federal government’s financial statements for 2023.
“In addition to the repayment, the federal government needs to provide an allocation amounting to RM9.46 billion.
"This includes RM5 billion for the principal of Sukuk Islamic Medium Term Notes (IMTN), which mature on May 27, 2039 and RM4.46 billion for IMTN coupon payments for the period from 2024 to 2039,".
It added that the federal government would also have to pay the IMTN coupon of RM287.50 million per year.
Among the recommendations of the Auditor-General is for the Federal Government to recover assets related to 1MDB and SRC International Sdn Bhd from both domestic and foreign parties. - October 14, 2024
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