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AMANAH RAYA BERHAD DENIED LOAN EXTENDED TO 1MDB

10 June 2015, KUALA LUMPUR – We refer to the media reports on the alleged loan by Amanah Raya Berhad (AmanahRaya) to 1MDB.AmanahRaya wishes to state that the media reports are unfounded and malicious. We deny that AmanahRaya has ever extended any loan to 1MDB.We wish to stress that AmanahRaya has always observed strict governance exercise in all our dealings through our Investment Committee and Board of Directors’ approval.

AmanahRaya also emphasizes that the appointment of our Chairman went through the normal process of appointment.We take seriously such unfounded and malicious allegations against us and will not hesitate to take any available legal recourse to protect our business and reputation.Amanah Raya Berhad today announces that they denied in releasing any information related to the news published on 1MDB today.  

About Amanah Raya Berhad
Amanah Raya Berhad (AmanahRaya) was formerly the Department of Public trustee and official Administrator, a government department established since 1921. AmanahRaya was incorporated on 1st August 1995 under the Companies Act 1965 and governed by the Public Trust Corporation Act 1995. It is wholly owned by the Government i.e. 99.99% by the Minister of Finance (Incorporated) and 0.01% by the Federal Commissioner of Lands.

AmanahRaya has professionally served the nation for more than 90 years through its 19 branches nationwide in the area of legal, financial and administrative duties for unit trust funds and estate administration, corporate loan stocks and debentures, education and retirement funds. AmanahRaya is also offering investment portfolio management services for corporate clients.

 

 

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