MP: Name those paid commissions by 1MDB

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MP: Name those paid commissions by 1MDB

K
KiniTV

4 Views • Aug 09, 2015

Description

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 call today, DAP's Petaling Jaya Utara MP Tony Pua pointed out that 1MDB had, in 2012 and 2013, raised RM 15.2 billion in bonds.

However, almost RM 1.6 billion in total was deducted from the two bonds as a form of commission fees and expenses.