Former Malaysian prime minister Najib Razak during a break at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, in this August 28 2019 file photo. Picture: REUTERS/LAI SENG SINMalaysian authorities said on Thursday they had recovered sufficient money linked to scandal-tainted state fund 1Malaysia Development Berhad to pay only the principal amount of the debt still owed by the firm this year.
Malaysia’s finance ministry in a statement said a trust account set up to collect recovered 1MDB funds has received 19.1bn ringgit , including $80m from KPMG, which the auditing firm paid to settle a lawsuit filed against it by 1MDB. “The current balance of the trust account is sufficient to pay only the principal amount of the bonds for 2022,” it said. “Once all the trust account funds are utilised, the government will continue to bear the obligation to pay the balance of 1MDB’s debts.”
Why are they paying such? Only way to teach a lesson is refusing to pay that nonsense.
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