PARLIAMENT Those who received "staggering" commissions paid out by government-owned investment arm 1Malaysia Development Bhd (1MDB) for huge sums of loans it  raised recently must be identified.

In making the urging today, DAP's Petaling Jaya Utara MP Tony Pua pointed out that 1MDB had, in 2012 and 2013, raised RM15.2 billion in bonds.

However, almost RM1.6 billion in total was deducted from the two bonds as a form of commission fees and expenses.

"These amounts work out to a staggering 11.2 percent and 9.4 percent of the funds raised," Pua said.

He questioned why 1MDB, which comes under the Finance Ministry, had to incur such "scandalous costs" to raise these funds.

The standard fees payable for investment bankers and entities when raising such bonds only ranges between 0.1 percent and two percent of the sum raised, Pua said.

He said Goldman Sachs were the arrangers for both fund raisers but they only charged between 0.2 percent and 1.3 percent in commissions and fees for other fund raising exercises the company had done for entities such as Apple Inc and also the Mexican government.

“Was 1MDB so idiotic then to be paying fees of 11.2 percent and 9.4 percent,” Pua asked.

“Or was Goldman Sachs so unethical that it was charging 1MDB more than 10 times the average market rate,” he further asked.

However, Pua said he believes the case is neither and hence the question as to who actually were recipients of these commissions.

He is therefore challenging Prime Minister Najib Abdul Razak, he added, to disclose the recipients of the commissions to prove that the entire deal was “above board”.