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Thursday 4 June 2015

Husni answer to where the money 1MDB 'lost'

Datuk Seri Ahmad Husni Hanadzlah

SHAH ALAM - The issue of 'losing' money in a government-owned investment company 1Malaysia Development Bhd (1MDB) which portrayed previously claimed never arise.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government is responsible for safeguarding the interests of the national economy.

"The government is responsible for ensuring that assets and liabilities. In the context of 1MDB, what happened she grew so rapidly, in the next six years he has assets that are so high.

"Both the financial structure of the capital of RM1 million and the government provided 560 acres of land in the area. But this land will only return in the long term.

"Given the rapid growth, 1MDB depending on the debt," he said in a panel in a special program on TV1 Dialogue talk show yesterday.

He is also a spokesman for the government to address the issue 1MDB said, 1MDB is the Ministry of Finance and the investment is guaranteed by the government under any circumstances.

We have introduced measures that aim rationalization carried out to settle the debt.

"This rationalization plan involving the three main asset 1MDB including financial assets and are not intended to rescue any company," he told the moderator of the program Sayed Sayed Munawar Mustard.

He added that the rationalization plan that has been done right away to relieve companies of the burden of debt.

On the other hand when touched on the notion that giant international auditing firm which audited the 1MDB of Deloitte attempts to conceal information, Husni refuted it.

"1MDB financial transactions are based on international standards," he said.

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