PARLIAMENT The government issued a letter of support for the Finance Ministry’s wholly-owned 1Malaysia Development Bhd (1MDB) to secure a RM540 million loan from the Export-Import Bank of Malaysia Bhd (Exim Bank), which is also owned by the ministry.

The loan was then used for 1MDB’s purchase of a piece of land in Pulau Indah, Selangor, Deputy Finance Minister Chua Tee Yong told Parliament last night.