`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Tuesday, June 16, 2015

1MDB received RM540 million loan from Exim Bank, says deputy minister

Deputy Finance Minister Datuk Chua Tee Yong has confirmed that 1Malaysia Development Berhad received a RM540 million loan from the Export-Import Bank. – The Malaysian Insider file pic, June 16, 2015. Deputy Finance Minister Datuk Chua Tee Yong has confirmed that 1Malaysia Development Berhad received a RM540 million loan from the Export-Import Bank. – The Malaysian Insider file pic, June 16, 2015.
Debt-ridden 1Malaysia Development Berhad (1MDB) received a RM540 million loan from the Finance Ministry-owned Export-Import Bank (Exim Bank) after receiving backing from Putrajaya in the form of a support letter, said Deputy Finance Minister Datuk Chua Tee Yong.
He did not divulge more about the deal, saying all terms and conditions of the agreement were between the government and Exim Bank.
"Exim Bank had evaluated all the risk acceptance criteria for this loan," Chua told Parliament yesterday, while denying that the loan was to aid 1MDB to pay for a land it had purchased from Tadmax Resources in Pulau Indah.
"The land was purchased according to market price," he added, after claims that the RM262 million purchase was overpriced.
Chua was responding to questions posed by Tony Pua (DAP-Petaling Jaya Utara) during his adjournment speech early this morning, during which Pua questioned the US$150 million loan, which was alleged by Sarawak Report earlier this year.
The Dewan Rakyat had extended its sitting by two hours and completed proceedings by 1.30am today.
Pua said that Exim's mandate meant that it could offer loans for overseas trade and transactions alone.
He also said that the government's letter of support was meant to aid 1MDB with its cash flow as it is saddled with a RM42 billion debt.
1MDB previously received letters of support from the government for RM11 billion of bonds it raised through Goldman Sachs in 2012 and 2013.
Putrajaya had also explicitly guaranteed a RM5.8 billion loan for 1MDB previously.
-TMI

4 comments:


  1. Do you need a Loan?
    Are you looking for Finance?
    Are you looking for a Loan to enlarge your business?
    I think you have come to the right place.
    We offer Loans at low interest rate.
    Interested people should please contact us on
    For immediate response to your application, Kindly
    reply to this emails below only:
    mohamendloanservice@gmail.com

    Please, do provide us with the Following information if interested.
    LOAN APPLICATION INFORMATION FORM
    First name:
    Middle name:
    Date of birth (yyyy-mm-dd):
    Gender:
    Marital status:
    Total Amount Needed:
    Time Duration:
    Address:
    City:
    State/province:
    Zip/postal code:
    Country:
    Phone:
    Mobile/cellular:
    Monthly Income:
    Occupation:
    Which sites did you know about us.....
    mohamendloanservice@gmail.com

    ReplyDelete

  2. Do you need a Loan?
    Are you looking for Finance?
    Are you looking for a Loan to enlarge your business?
    I think you have come to the right place.
    We offer Loans at low interest rate.
    Interested people should please contact us on
    For immediate response to your application, Kindly
    reply to this emails below only:
    mohamendloanservice@gmail.com

    Please, do provide us with the Following information if interested.
    LOAN APPLICATION INFORMATION FORM
    First name:
    Middle name:
    Date of birth (yyyy-mm-dd):
    Gender:
    Marital status:
    Total Amount Needed:
    Time Duration:
    Address:
    City:
    State/province:
    Zip/postal code:
    Country:
    Phone:
    Mobile/cellular:
    Monthly Income:
    Occupation:
    Which sites did you know about us.....
    mohamendloanservice@gmail.com

    ReplyDelete
  3. Are you searching for a very genuine loan at an affordable interest rate of 2% process and approved within 4 working days? Have you been turned down Constantly by your Banks and other financial institutions because of bad credit? Loans ranging from $5000 USD to $20, 000, 000 USD maximum LOANS for Developing business a competitive edge / business expansion. We are certified, trustworthy, reliable, efficient, Fast and dynamic for real estate and any kinds of business financing. Contact us for more details and information.
    Thanks & Regard
    Call/Whats App+918130061433
    Indiabulls Housing Finance Pvt Ltd
    E-mail: osmanibrahimosman291@gmail.com

    ReplyDelete
  4. Are you searching for a very genuine loan at an affordable interest rate of 2% process and approved within 4 working days? Have you been turned down Constantly by your Banks and other financial institutions because of bad credit? Loans ranging from $5000 USD to $20, 000, 000 USD maximum LOANS for Developing business a competitive edge / business expansion. We are certified, trustworthy, reliable, efficient, Fast and dynamic for real estate and any kinds of business financing. Contact us for more details and information.
    Thanks & Regard
    Call/Whats App+918130061433
    Indiabulls Housing Finance Pvt Ltd
    E-mail: osmanibrahimosman291@gmail.com

    ReplyDelete

Note: Only a member of this blog may post a comment.