Audit report: Govt gave RM39.74b to 1MDB from 2019 to 2023

The federal government channelled grants amounting to RM39.74 billion to 1Malaysia Development Bhd (1MDB) from 2019 to 2023.

The grants were intended for principal repayment and other expenses, including bond interest and coupon payments, according to the Auditor-General’s Report 3/2024 concerning the federal government’s financial statements for 2023.

“In addition to the repayment, the federal government needs to...