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Johari: None of 1MDB staff employed by Finance Ministry

None of 1Malaysia Development Bhd’s (1MDB) staff are employed by the Finance Ministry, says Deputy Finance Minister Johari Abdul Ghani.

“That one (1MDB) is a company and we are a government body. There is a differentiation between the two.

“Our relationship with 1MDB is as far as some of the bonds guaranteed by the government,” he said to a question on whether 1MDB staff were relocated to the ministry.

Yesterday, Johari was reported as saying that the state-owned firm’s assets would be transferred to the Ministry of Finance Incorporated by mid-June.

The company, he said, would then become a shell company to manage liabilities and bonds it has issued.

“It does not mean that the government must take (employ) their staff. We don’t work that way,” he added.

- Bernama

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