PUTRAJAYA: On top of paying RM6.98bil to bail out 1Malaysia Development Bhd (1MDB), the Government is now facing the prospect of forking out an additional RM953mil to service the company’s debts by November. “This confirms the public suspicion that 1MDB had essentially deceived Malaysians by claiming that hit had paid via ‘successful rationalisation exercise’. He also said the previous government had conducted an exercise of deception with regard to 1MDB and even misrepresented the financial situation to Parliament. He said officers from the ministry would conduct a detailed study on 1MDB’s debts and liabilities aimed at resolving the “crisis created by the scandal”. “We will also submit our findings to the 1MDB task force formed by the Prime Minister,” Lim said.

Source: The Star May 23, 2018 00:08 UTC