| Putrajaya's letter of support to debt-laden 1Malaysia Development Bhd is tantamount to a guarantee on the loans taken by the fund, the DAP said today.Party publicity chief Tony Pua said although all ministers had insisted that the loans guaranteed by the federal government amounted to only RM5.8 billion, the actual figure was more than RM16 billion of the sovereign wealth fund's RM42 billion debt.
Speaking at the Parliament lobby today, Pua said 1MDB's RM16 billion debt should be added on to the government's contingent liability. He said that previously Deputy Finance Minister Datuk Ahmad Maslan had repeatedly denied that the government has issued a letter of support for 1MDB via its subsidiary 1MDB Global Investment Limited to raise a US$3 billion bond on November 6 last year...............................................Full Article: Source
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