PM Mahathir says govt will pay 1MDB debt that it has guaranteed


(May 16): Prime Minister Tun Mohamad said was committed to pay any debt linked to state fund 1 Development Bhd (1MDB), if it had been guaranteed by the government.

“We have to… if it implicates the government, the government has to pay,” Dr Mahathir told a news conference.

The newly appointed 92-year-old prime minister also said Malaysia would reach out to Switzerland, the United States, and Luxembourg to return any 1MDB funds they may have received.

“The focus on corruption is important because we need to get back money which is still in Swiss, US, Singapore and maybe Luxumbourg. For this we will contact the governments of the countries to recover the money there,” Dr Mahathir said.

Source: The Edge Markets

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