Govt recovers RM31.2b related to 1MDB, SRC as of September

The government has recovered RM31.2 billion related to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd, which includes proceeds and foreign exchange adjustments, said the Finance Ministry.

This amount is from the establishment of the Asset Recovery Trust Account in December 2018 until Sept 30, 2025.

The ministry noted that funds in the trust account have not been used for operating or new development expenditures.

“The funds are tightly regulated and used only to repay debts and meet existing 1MDB and SRC commitments,” it said in a written response published on the Parliament’s website.

The ministry was responding to Dr Wan Azizah Wan Ismail (Harapan-Bandar Tun Razak) on how the government ensures recovered public assets from high-profile cases since 2022 are used for people‑centred development projects with transparent and effective monitoring.

The Finance Ministry said this is important to ensure public funds are not further burdened by liabilities from the 1MDB scandal’s legacy.

It added that as of Sept 30, remaining trust account funds amount to RM5.29 billion, while the outstanding debt obligations of 1MDB remain RM24.46 billion.

“That amount includes Islamic Medium Term Note sukuk issuance of RM9.02 billion, comprising principal (RM5 billion) and interest (RM4.02 billion), and Shareholder Advances from the Finance Ministry and Minister of Finance Incorporated (RM15.44 billion).”

The ministry also said that the government remains committed to intensifying efforts to recover all misappropriated funds related to 1MDB and SRC.

The primary objective is to maximise returns to repay outstanding debts and meet 1MDB and SRC commitments within the stipulated timeframes, it added.

- Bernama

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