It has repaid almost RM4b in loans between 2015 and last year
NIK IMRAN ABDULLAH KUALA LUMPUR firstname.lastname@example.org
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