Three-quarters of Tabung Harapan funds used for 1MDB debt - PSC report

Modified 17 Jul 2019, 9:59 pm

PARLIAMENT | Almost three-quarters of the Tabung Harapan Malaysia funds were used to pay off part of the 1MDB debt.

The Finance Ministry used RM143.75 million to pay off the 1MDB sukuk coupon on May 24 this year, as revealed in the report by the bi-partisan Parliamentary Select Committee (PSC) on the Budget.

Finance Minister Lim Guan Eng had announced in February that the Tabung Harapan had collected RM202.72 million before it officially closed on Jan 14, 2019.

Share this story


By posting a comment, you agree to our Terms & Conditions as stipulated in full here


Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.


Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.