Malaysiakini News

Khazanah: No control over how MOF spends money

Published:  |  Modified:

Khazanah Nasional said that it has no control over how the Finance Ministry had utilised the RM3 billion, a portion of which was reportedly used to pay off 1MDB's debts.

In a statement today, Khazanah confirmed that the Finance Ministry had issued an RM3 billion Redeemable Cumulative Convertible Preference Shares (RCCPS) in 2011..

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