2020 Budget: Government Will Honour Inherited Loan Commitments

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We will come after you, Guan Eng tells 1MDB beneficiaries.

The government’s commitment to repay all loan obligations inherited from the past administration has never wavered, said Finance Minister Lim Guan Eng.

He said the government had, in the case of 1Malaysia Development Bhd (1MDB) and SRC International, come up with RM2.4 billion to settle the 2019 financing cost and RM2.7 billion for the 2020 financing cost.

“In this respect, the government wishes to thank Malaysians for the RM203 million contributed to Tabung Harapan Malaysia.

“The collected fund will be used to pay back a portion of the loan,” he said.

Lim added that until July 2019, about RM1.45 billion in misappropriated funds had been returned by international authorities, including from the sale of luxury yacht Equanimity.

“The Malaysian government will continue to leave no stone unturned in our attempt to recover the stolen funds and assets from around the world.

Azneal Ishak/Malaysiakini

“This includes pursuing Goldman Sachs as well as their 17 directors for their complicity in the 1MDB scandal,” he said.

He pledged that no individuals or institutions that have benefited from 1MDB funds will be allowed to get off scot-free.

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