The contradicting statements over the government’s admission of a RM950 million in "standby credit" for the embattled 1Malaysia Development Berhad (1MDB) is clear sign that it is a government bailout, said PKR.

PKR vice president Rafizi Ramli in a statement today said Finance Minister II Husni Hanadzlah’s contradicting claim to 1MDB president Arul Kanda’s statement that the amount is a “ commercial loan ” shows the decision had been made in haste.