RM48bil of 1MDB debt paid off

Free Malaysia Today

Another RM5 billion must be repaid by 2039.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/03/19/rm48bil-of-1mdb-debt-paid-off/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/03/19/rm48-bilion-hutang-1mdb-sudah-dibayar-kata-menteri/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #1MDB #AmirHamzahAzizan #GoldmanSachs

Transcript

00:00 "However, for the sake of public interest, please know that until today, the government's

00:07 debt and commitment to 1MDB is Rp48.06 billion, including the US$3 billion payment in March

00:20 2023."

00:23 The government has paid Rp48.06 billion in debts incurred by 1MDB.

00:29 This is what Second Finance Minister Amir Hamza Azizan told The Dewan Rakyat Today.

00:34 He said the amount included US$3 billion paid last March with funds from the 2023 budget.

00:40 Amir said that as per a settlement agreement signed in 2020, the government received US$2.5

00:45 billion from Goldman Sachs with a guarantee for the return of assets amounting to US$1.4

00:51 billion by 2025.

00:54 The bank was also required to make an interim payment of US$250 million if Malaysia did

00:59 not receive at least US$500 million in assets and proceeds by August 2022.

01:05 In October last year, Goldman Sachs took the government to the London International Court

01:09 of Arbitration following a disagreement over the terms of the US$500 million settlement.

01:15 The proceedings are ongoing.

01:16 (gentle music)

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Transcript

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