PAS was too easily satisfied by 1MDB CEO Arul Kanda Kandasamy's brief and do not appear to grasp the impact of the company's "rationalisation" exercise, said PKR vice-president Rafizi Ramli.

Rafizi said, in essence, the "rationalisation" exercise meant making 1MDB's debts, which is subject to money laundering probe by several jurisdictions, a public debt.

Another component of the exercise, said Rafizi, was the selling of what was once public assets, to help finance 1MDB's debts...