Youth and sports minister Hannah Yeoh stated that the funds deposited into the Assets Recovery Trust Account (AAMKA) amounted to RM3.04 billion so far.

“The government will continue its efforts to recover all funds related to 1MDB that have been misappropriated, with the primary goal of maximising returns to settle 1MDB’s debts within the stipulated time frame,” she said in the Dewan Rakyat today.

Yeoh made this statement on behalf of finance minister II Amir Hamzah Azizan while wrapping up the debate on the latest auditor-general’s report concerning the federal government’s financial statements for 2023.

Amir was unable to conclude the discussion due to laryngitis.

Meanwhile, Yeoh said the financing guarantee for 1MDB of up to RM5 billion was approved by the Cabinet on April 1, 2009.

She said the financing was carried out through the sukuk issuance of Islamic Medium Term Notes (IMTN) on May 29, 2009, with a maturity period of 30 years at an interest rate of 5.75% per annum.

“As of September 2024, the total interest or coupon paid is RM4.312 billion,” Yeoh said.

Yesterday, the auditor-general’s report stated that the federal government had allocated grants amounting to RM39.74 billion to 1MDB from 2019 to 2023 for principal repayment and other expenses, including bond interest and coupon payments.

The federal government also needs to allocate RM9.46 billion, which consists of RM5 billion for the principal of the IMTN maturing on May 27, 2039, and RM4.46 billion for IMTN coupon payments from 2024 to 2039.