PETALING JAYA: International audit firm Deloitte PLT has remitted some RM336 million in funds seized related to 1MDB to the finance ministry.
In a statement, the ministry said its assets recovery trust account has received RM16.386 billion in seized and repatriated 1MDB funds so far.
This amount does not include the RM2.83 billion that the ministry will receive from Ambank Group, while negotiations are going on with audit firm KPMG.
“Any balance in the trust account will be utilised to primarily repay and service 1MDB and SRC’s remaining debts,” it said. SRC International is a former unit of 1MDB.
“To date, the government has repaid RM12.54 billion of 1MDB’s debt and RM3.1 billion of SRC’s debt.
“The balance of debt still outstanding, comprising the principal and coupon/profit/interest of bonds, sukuk and term loans, currently total RM39.66 billion (1MDB) and RM2.57 billion (SRC).”
Finance minister Tengku Zafrul Aziz said there were enough funds in the account to service 1MDB’s debt obligations for 2021 and 2022 only.
“Once all recovered funds in the trust account have been utilised, the government will still have to continue bearing the burden of servicing 1MDB’s debt obligations, which were backed by the government’s guarantee and letter of support when these debts were created,” he said.
In May, the US Department of Justice (DoJ) remitted about RM1.9 billion in funds seized in its 1MDB probe.
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