GOVERNMENT BAILOUT NO:7
In 2015, 1GDB announced that IPC of Abu Dhabi had agreed to taking over some $18 billion of its debts and interest in exhange for assets. However, IPIC did not sit at the negotiating table until the MoF indemnified it from losses arising from the transaction. Till to-day, this transaction has not been finalised.
GOVERNMENT BAILOUT NO:8
When 1GDB found out that it had miscalculated the real cost of re-locating the airforce personnel from Sg. Besi, it ran once again for help to serially lying Crime Minister Grossmajib. The real cost was $2.7 billion and not $1.6 billion. The MoF immediately rewarded 1GDB with a no-strings-attached grant of $1 billion, to compensate it for its gross and incompetent management!!