The government-owned 1Malaysia Development Bhd (1MDB) may as well seek funds from loan sharks, based on the exorbitant payments it made just to secure a loan guarantee for its subsidiaries, Petaling Jaya Utara MP Tony Pua says
"1MDB might as well have gone to the loan sharks to raise the funds.
"It is mind-boggling why a 100 percent Finance Ministry -owned subsidiary needs to become so desperate in paying such outrageous fees, costs and terms in order to secure financing for its activities," Pua said.
Full story: http://www.malaysiakini.com/news/280888
