Pua accuses Putrajaya of bailing out 1MDB over RM3.2b debt

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Petaling Jaya Utara MP Tony Pua has accused Putrajaya of bailing out 1MDB by taking over RM3.2 billion of the state investment fund's debts.

This came after Finance Minister Najib Abdul Razak refused to give a direct answer in a parliamentary written reply on the status of the RM800 million loan Tun Razak Exchange (TRX) took from the Social Security Organisation (Socso) and another RM2.4 billion in sukuk bonds by Bandar Malaysia.

"I asked, did the Finance Ministry take over the borrowings associated with these assets, including the RM800 million from Socso and RM2.4 billion in sukuk bonds.

"This question only required a simple 'yes or no' reply, with the total borrowings assumed by the Finance Ministry, if any.

"What I received was a long grandmother story, which tried to obviously obfuscate the answer," he said.

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