But Malaysia’s new finance minister dismissed those claims this week as “deception” and said the finance ministry had been bailing out 1MDB for over a year. The finance ministry had the right to redeem the shares at any point, it said. The finance ministry did not respond to requests for comment on the central bank deal. New Finance Minister Lim Guan Eng is scheduled to hold a news conference at 0830 GMT. Najib’s government deceived the public and parliament over the country’s financial situation and 1MDB, Lim, the finance minister, said this week.

Source: New Strait Times May 24, 2018 07:52 UTC