Najib: 1MDB debt was paid by selling its own assets, not by taxpayers or PH


FB IMG 1646318746260

KUALA LUMPUR— Former prime minister Datuk Seri Najib Razak said today that part of 1MDB debt was paid by selling its own assets, not by taxpayers as the opposition claimed.

He said he sold 1MDB’ s assets and settled the loan before the 14th general elections. The sold assets included the independent power producer (IPP) companies worth RM10 billion and a plot of land in Penang worth RM2.6 billion.

“We went into debt to buy those assets, and we settled the debt with the proceeds from the sale of the same assets. Part of 1MDB’s principal debt was settled and dropped to RM32 billion before the 14th general election (GE14).

“But after that, not one sen of 1MDB’s principal debt has been paid by the Pakatan Harapan (PH) and Perikatan Nasional (PN) governments since GE14 until now — as informed by the finance minister today because it will only mature later,” he said in a post on his Facebook.

“And it was not you who paid it when you were minister of acting,” Najib told former finance minister Lim Guan Eng in response to the DAP lawmaker who said earlier today that Najib’s earlier claims were untrue and that the government had already paid RM13.3 billion from the total RM52 billion of 1MDB’s principal debt and interest.


Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

more recommended stories