No deadline to recover all 1MDB assets despite RM20.1b net burden, says Amir Hamzah
KUALA LUMPUR, Oct 28 — The government has not set a target year to conclude all claims and asset recovery efforts...
Finance Minister II Amir Hamzah Azizan has revealed that there is no predetermined deadline for resolving claims and recovering assets related to the 1MDB scandal. The government's response to Howard Lee's inquiry at the Dewan Rakyat highlighted that the maturity year for the IMTN sukuk principal is 2039, but this does not signify the end of the claims settlement process or the recovery of assets.
The timeframe for resolving claims and recovering assets also depends on court decisions and enforcement proceedings, both domestically and internationally. Currently, the government has paid RM42.5 billion towards 1MDB-related debts and commitments, with RM8.9 billion still outstanding for the IMTN sukuk maturity in 2039. After accounting for RM31.3 billion in fund and asset recoveries, the government's net burden is estimated at RM20.1 billion, assuming no further recoveries.
However, Amir cautioned that the actual amount recoverable from courts is uncertain, as it depends on court decisions, appeals, recoverable assets, and the ability to enforce court orders, particularly in overseas jurisdictions.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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