09
Jul
15

1MDB’s pays RM2.4 billion-RM2.7 billion in interest annually!

1MDB’s pays RM2.4b-RM2.7b in interest annually

1MDB has to pay between RM2.4 billion to RM2.7 billion annually in loan interests, said Finance Minister II Ahmad Husni Hanadzlah.

“If the debt is RM42 billion, the interest will be between RM2.4 billion to RM2.7 billion,” he told Mohamed Hanipa Maidin (PAS-Sepang).

Hanipa had interrupted Husni’s winding-up speech on the 11th Malaysia Plan to ask how much 1MDB was paying in loan interests.

However, Husni was unable to provide details.

1MDB has provided the breakdown and summary of its debts as for the accounts from March 31, 2010 to March 31, 2014.

In a graphical presentation emailed to the media, he listed out where the RM41.8 billion went to, including a RM900 million cash surplus held by the company.

…more
Jun 15, 2015 – Malaysiakini
1MDB’s pays RM2.4b-RM2.7b in interest annually

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