PETALING JAYA: The Government is exposed to a risk estimated at RM20.31bil, not including interests, if 1Malaysia Development Bhd (1MDB) fails to pay off its debts, according to the Public Accounts Committee (PAC).
The PAC in a report revealed that the federal government had committed some RM5.8bil in government-guaranteed loans, standby credit of RM950mil alongside another RM13.56bil via a letter of support which meant that the Government would intervene if 1MDB could not honour its loan payments.
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