SeaDemon Says

1MDB:The RM42b Is There

Posted on: June 3, 2015

Media statement by Arul Kanda, 1MDB President and Group Executive Director

Issued on 3 June 2015
For immediate publication

RM42 Billion All Accounted For.
“In recent weeks, there has been much speculation about the use of RM 42 billion of debt raised by 1MDB, and more specifically that RM 27 billion of debt proceeds are alleged to be “lost” or “missing”. We provide a summary of what the RM42 billion debt has been used for, information that is fully disclosed in 1MDB’s audited and publicly available accounts from 31 March 2010 to 31 March 2014. We trust this clarification will help to clear any confusion on this matter.”

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