Some ministers may have lamented that they are unclear of what is going on in 1MDB but the company today claimed the Cabinet was well aware about its initial RM5 billion loan.
Former prime minister Dr Mahathir Mohamad had likewise questioned whether the Cabinet was made aware of this loan but 1MDB in a statement today poured cold water on his claim.
"Contrary to Mahathir's claim, a Cabinet paper on this matter was prepared and approved by Cabinet, in line with standard practice and as required for all government guarantees.
"Furthermore, the government guarantee is not 'off budget' as claimed.
"It is a clear and acknowledged liability of the federal government, which is ultimately the 100 percent shareholder of 1MDB," it said.
[More to follow]
Former prime minister Dr Mahathir Mohamad had likewise questioned whether the Cabinet was made aware of this loan but 1MDB in a statement today poured cold water on his claim.
"Contrary to Mahathir's claim, a Cabinet paper on this matter was prepared and approved by Cabinet, in line with standard practice and as required for all government guarantees.
"Furthermore, the government guarantee is not 'off budget' as claimed.
"It is a clear and acknowledged liability of the federal government, which is ultimately the 100 percent shareholder of 1MDB," it said.
[More to follow]
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