In recent weeks, there has been much speculation about the use of the RM42 billion of debt raised by 1MDB, and more specifically the RM 27 billion alleged to be 'lost' or 'missing'. We provide a summary of what the RM42 billion has been used for, information that is fully disclosed in 1MDB's audited and publicly available accounts from March 31, 2010 to March 31, 2014. We trust this clarification will help to clear any confusion on this matter.
Arul Kanda, 1MDB President, on how the embattled firm had used its RM41.8 billion loans
To claim that RM4.5 billion was used as financing cost as part of the debt total is disingenuous. It means 1MDB borrowed more money to pay interest on its loans. It means all the assets it acquired don't earn enough to even pay for the interests incurred.
Tony Pua, Petaling Jaya Utara MP, insisting that 1MDB's attempt to account for how its RM42 billion in loans was spent raises more questions than answers
What kind of company allows RM900 million realised in foreign exchange losses? This is purely bad management and incompetence, if not outright dereliction of duty. Which transactions and what assets had caused such losses?
Rafizi Ramli, Pandan MP
The central bank is doing everything within the powers provided under its legislation, including collaborating with other agencies, to contribute towards a swift resolution of the matter.
Bank Negara Malaysia, on commencing a formal inquiry on 1Malaysia Development Bhd (1MDB) to examine any contravention of the central bank’s rules and legislation
DAP has been vocal in undermining the position of PAS and its president by announcing it was cutting ties with the president who is our father in PAS. We are unwilling to allow our president to be besmirched by DAP, whose boldness is due to some amongst us not being loyal to the president. They come into our house and try to replace our father. DAP's attitude is as if it is leading PAS and trying to control PAS.
Mokthar Senik, PAS ulama committee member, urging the party's central body to terminate its working relationship with DAP
I do not act harshly, I only act softly. We stress that we will continue to be with Pakatan Rakyat. We hope all the cracks and uneasiness (within Pakatan) can be solved in a good manner. That is our commitment.
Nik Abduh Nik Aziz, PAS Youth chief
Why should I quit my position for raising questions in the interest of the country? (I have) no intention of quitting.
Mohd Shafie Apdal, Rural and Regional Development, insisting he would not resign from cabinet for merely raising 1MDB issues in public