1Malaysia Development Bhd (1MDB) did not receive RM42 billion from the government.
According to the "1MDB: Siapa Kata Tidak Dijawab?" book, on the contrary, the RM42 billion fund's debts were in the form of bank loans, bonds and sukuk. 1MDB had only received RM1 million in equity in 2009 and a short-term loan of RM950 million in March 2015 in the form of available credit.
"1MDB is not funded by local and international capital and invested by using its own capital," according to the book published by the Special Affairs Department (JASA) of the Communications and Multimedia Ministry.
The book also explains that of the RM42 billion fund's debts RM18 billion was used to purchase an independent power producer company, RM15.4 billion for investment funds, RM5.8 billion for financial costs, RM1.7 billion for the land purchasing cost and RM900 million in cash.
The 62-page book comprises a collection of answers about 1MDB that had been given by Prime Minister Datuk Seri Najib Razak, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah, 1MDB President and Group Executive Director Arul Kanda Kandasamy.
It provides answers to 32 questions about 1MDB which were presented in simple and straightforward explanations as well as infographic.
The book among others, answered questions about whether the joint-venture investment with Petrosaudi is a scam? is it true 1MDB really had to borrow RM2 billion from Ananda Krishnan to pay the interest? why did the government sell the 70-acre land to 1MDB at such a low price?
Is it true the 1MDB funds went into Najib's personal accounts? 1MDB's rationalisation plan? is it true that the police had interfered with, the MACC's (the Malaysian-Anti Corruption Comission) investigation on 1MDB?
Bernama
Fri Sep 04 2015
The 62-page book "1MDB: Siapa Kata Tidak Dijawab?" comprises a collection of answers about 1MDB from Najib, Ahmad Husni and Arul Kanda.
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.