PAS easily satisfied by 1MDB's Arul, says Rafizi

PAS was too easily satisfied by 1MDB CEO Arul Kanda Kandasamy's brief and do not appear to grasp the impact of the company's "rationalisation" exercise, said PKR vice-president Rafizi Ramli.

Rafizi said, in essence, the "rationalisation" exercise meant making 1MDB's debts, which is subject to money laundering probe by several jurisdictions, a public debt.

Another component of the exercise, said Rafizi, was the selling of what was once public assets, to help finance 1MDB's debts...