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1MDB Has RM5bil Debt With Local Bank: Najib

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KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has a total of RM5.037bil in loans with local banks in Malaysia, says Finance Minister Datuk Seri Najib Tun Razak.

In a written reply to Mohd Rafizi Ramli (PKR – Pandan), he said the total was as of January this year.

“Up to January 2015, the total amount of debts by 1MDB with local banks is RM5.037bil,” Najib said in a brief reply dated Wednesday.

Mohd Rafizi had asked Najib to state the loans undertaken by 1MDB with local banks.

The Opposition MP had also asked the Prime Minister to state the latest audit findings by Bank Negara Malaysia for each of the loans.-The Star

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