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Malaysian minister confirms c.bank, Khazanah funds used for 1MDB payments

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Reuters KUALA LUMPUR
Last Updated : May 24 2018 | 3:41 PM IST

KUALA LUMPUR (Reuters) - Malaysia's finance minister on Thursday confirmed reports that funds from deals with the central bank and sovereign wealth fund Khazanah were used by the previous government to meet some liabilities of troubled state fund 1Malaysia Development Berhad (1MDB).

Lim Guan Eng said the ministry has so far made payments amounting to 6.98 billion ringgit, due to 1MDB's inability to pay.

(Reporting by Praveen Menon; Editing by Simon Cameron-Moore)

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First Published: May 24 2018 | 3:25 PM IST

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