PARLIAMENT The federal government has finally admitted that it will be liable for a US$3 billion (RM11.11 billion) debt of 1MDB Global Investment Ltd (1MDBGIL) if the 1MDB arm fails to pay off the debt.

In a written answer in Parliament to Tony Pua (DAP-Petaling Jaya Utara), the Finance Ministry said the support letter by the government for the debt would become "effective" if 1MDBGIL's assets cannot cover up the debts accrued.