Putrajaya to empty Tabung Harapan and pay off some 1MDB debts

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Finance Minister Lim Guan Eng said when the fund closed on Jan 14, it had collected RM202.71 million.

This was then put into fixed deposits managed by the National Accounting Department, generating RM575,342 in interest. This brings up the fund's total to RM203.29 million.

Subsequently, the Tabung Harapan Malaysian trust account committee decided on April 24 that the entire fund would be used to service a portion of 1MDB's 2019 debts."Even though Tabung Harapan can't pay off all of 1MDB's RM51 billion debt, it will remain as a symbol of Malaysian's loyalty and patriotism to solve the country's debts," he said in a statement today.

 

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