After incurring BILLIONS in debts…No more business activity at 1MDB?

Johari: No more business activity at 1MDB

KUALA LUMPUR (Dec 22): Second Finance Minister Datuk Johari Abdul Ghani has reiterated that there will be no business activity at 1Malaysia Development Bhd (1MDB).

“Run off 1MDB means we are not going to do any business at 1MDB,” he told reporters at the sidelines of Prasarana Malaysia Bhd’s LRT 20th anniversary event today.

He was responding to a question on his previous interview, in which he said the government is going to “run off 1MDB”.

The finance ministry oversees the state-owned 1MDB.

In a recent interview with Bloomberg, Johari said the Ministry of Finance has taken control from 1MDB of the development of the Tun Razak Exchange financial district.

Furthermore, the government is also overseeing the Bandar Malaysia development.

Johari also said in the interview the country needs to learn from the episode and recover.

Johari: No more business activity at 1MDB
December 22, 2016 – theedgemarkets.com


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