According to 1MDB’s audited annual financial statements, the fund had RM458.2 million in cash with another RM3.38 billion in both restricted and unrestricted deposits and placement with licensed banks.
1MDB gets 0.7% per year on RM4 bil cash pile
www.kinibiz.com
The average interest rates that 1MDB was earning through its nearly RM4 billion deposits with licensed banks only comes to 0.68% per annum. A rough calculation places 1MDB’s gain from interest on its deposits and placements in banks for 2014 …
