1MDB to be closed down? Not true, says minister
Astro Awani
May 31, 2015 10:54 MYT
May 31, 2015 10:54 MYT
Talks that 1MDB will be closed down is not true said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
Talks that the troubled investment arm 1Malaysia Development Berhad (1MDB) will be closed down is not true said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
“Not true,” Ahmad Husni said in a brief text message to online portal, The Malay Mail Online.
On Friday, Ahmad Husni was appointed as the government's spokesman on matters pertaining to 1MDB.
Minister in the Prime Minister's Department Datuk Mah Siew Keong said the appointment of a spokesman was made to avoid contradictions in statements issued on the issue.
On Friday, Ahmad Husni had presented a plan for the corporate rationalisation of 1MDB to the Cabinet involving the winding up of 1MDB and setting up of three standalone operating companies.
IMDB is expected to be wound down, the Cabinet was told, but the key challenge is its high-level of debt which stood at RM42 billion in its last financial accounts.