Illustrative image (Source: thestar.com.my)
 
Kuala Lumpur (VNA) – Malaysia’s the Ministry of Finance (MoF) has said that 1Malaysia Development Bhd (1MDB) does not have any bank loans or short-term loans currently.

In a written reply at the Dewan Rakyat (Lower House) sitting on March 29, the ministry said 1MDB had fully settled all its debts in 2015 and 2016.

"1MDB had received 10.97 billion ringgits in cash in 2015 and 2016 through the sale of assets of Edra Global Energy Sdn Bhd, sale of equity in Bandar Malaysia Sdn Bhd and sale of land in the Tun Razak Exchange project," The Star newspaper quoted the source as saying.

According to the ministry, there were no new assets acquired in the country and overseas in 2015 and 2016.-VNA