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RM29.7bil Linked to 1MDB, SRC Recovered Since 2018

KUALA LUMPUR: Since the creation of the Asset Recovery Trust Account in 2018, the government has recovered RM29.7 billion linked to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd (SRC).

Finance Minister Datuk Seri Anwar Ibrahim said RM10.9 billion of this total was recovered between 2022 and June 30, 2025.

As of July 31, RM42.17 billion in net funds had been channelled to 1MDB for debt repayment. This included RM15.44 billion from the Finance Ministry and Minister of Finance Incorporated (MOF Inc) in the form of shareholder advances or loans, and RM26.73 billion from recovered assets.

Of this amount, RM28.93 billion was used to settle 1MDB’s debt principal, while RM13.24 billion went towards interest payments and other obligations.

Anwar was responding in writing to Datuk Seri Dr Wan Azizah Wan Ismail (PH–Bandar Tun Razak), who had asked about public funds recovered since 2022, including assets from high-profile cases such as 1MDB.

He said 1MDB’s remaining debt, comprising principal and interest on Sukuk Islamic Medium-Term Notes due by 2039, stands at RM9.02 billion — RM5 billion in principal and RM4.02 billion in interest.

For SRC, RM5.35 billion has been allocated to cover principal, interest, and other commitments.

Anwar stressed that recovery efforts are ongoing, noting the process is complex and time-consuming, involving both domestic and international cooperation, court proceedings, and settlement negotiations.

“The government remains fully committed to recovering all misappropriated funds from 1MDB and SRC, with the aim of maximising returns to settle debts and meet obligations within the set timeframe,” he said.

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  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.

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