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Malaysia on the hook for RM50b of 1MDB's debts — Finance Minister

Mimi Sabreena 3:08:00 PM Informasi

Malaysia on the hook for US$13b of 1MDB's debts — Finance Minister

KUALA LUMPUR (June 1): Malaysia will have to pay about RM50 billion (US$12.57 billion) of beleaguered state fund 1MDB's dues, Finance Minister Lim Guan Eng told reporters on Friday.

The country's new government has vowed to find out how funds went missing from 1 Malaysia Development Berhad, set up nearly a decade ago by former prime minister Datuk Seri Najib Razak, a disappearance it says led to the finance ministry having to bail out the fund a year ago.

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