It has re­paid al­most RM4b in loans be­tween 2015 and last year

New Straits Times - - News -

NIK IM­RAN AB­DUL­LAH KUALA LUMPUR nikim­ran@nst.com.my

STATE strate­gic devel­op­ment com­pany 1Malaysia Devel­op­ment Bhd (1MDB) is debt-free as it has re­paid all its bank loans, amount­ing to al­most RM4 bil­lion, in full, the Dewan Rakyat was told.

The Fi­nance Min­istry said the debts, in­clud­ing a standby credit fa­cil­ity from the Fed­eral Gov­ern­ment, were re­paid in 2015 and last year.

In a writ­ten re­ply to Er Teck Hwa (DAP-Bakri), the min­istry said: “1MDB does not owe any­thing

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