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Thursday, March 12, 2015

Pakatan MPs say Putrajaya admits to bailing out 1MDB

Rafizi Ramli and Tony Pua say today's parliamentary answer by the second finance minister is an admission by Putrajaya that it was bailing out 1MDB. – The Malaysian Insider file pic, March 12, 2015.Rafizi Ramli and Tony Pua say today's parliamentary answer by the second finance minister is an admission by Putrajaya that it was bailing out 1MDB. – The Malaysian Insider file pic, March 12, 2015.
Putrajaya has for the first time admitted to bailing out troubled 1Malaysia Development Berhad (1MDB), said two federal lawmakers today, minutes after Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah told Parliament that the government has extended a RM950 million standby credit to the firm.
PKR's Pandan MP, Rafizi Ramli and DAP's Petaling Jaya Utara MP Tony Pua questioned if the government would also extend similar help to 1MDB when its next tranche of US$1 billion loan is due in September.
"The admission by the minister is very significant because on record, this is the first bailout to 1MDB amounting to nearly RM1 billion in cash.
- TMI

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