Tabung Harapan's RM203 million to pay 1MDB debts

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The decision was reached by a special committee formed to look into how to use the fund.

The Tabung Harapan fund was launched last year following Pakatan Harapan’s victory in the May 9 general election.

PETALING JAYA: Putrajaya will use some RM200 million collected for Tabung Harapan Malaysia to settle part of 1MDB’s RM1.7 billion debt this year. “Although the fund will not be able to pay all of 1MDB’s debts amounting to RM51 billion, Tabung Harapan will remain as the symbol of Malaysians’ patriotism and loyalty to help settle the country’s debt,” the finance ministry said in a statement today.

It said a total of RM203,292,117.41 was collected for the fund, which was launched last year in the weeks following Pakatan Harapan’s general election victory.Subscribe to our newsletter and get news delivered to your mailbox.

 

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