Guan Eng says Tabung Harapan’s RM205.5 million used to pay what the Chinaman stole
Finance Minister Lim Guan Eng says the RM205.5 million collected by Tabung Harapan has been fully used to pay off 1MDB’s debts incurred by Jho Low
(MMO) – Putrajaya has completely used the RM205.5 million accumulated in the Tabung Harapan Malaysia to offset the debts and obligations of 1MDB.
Finance Minister Lim Guan Eng said the RM61.7 million used on November 28 to fund interest payments for the state investment firm’s Islamic bonds effectively exhausted the fund accumulated via public donations and interest.
The ministry previously used portions of the fund to offset earlier interest payments, pay off bounced cheques, and refund misplaced contributions.
Lim expressed the government’s thanks to all who had contributed to the crowdfund that was closed in January.
He went on to say that 1MDB still owed RM50.5 billion inclusive of interest payments, and was only expected to fully repay this in 2039.