(May 4): Questions are now being raised over who will refund the RM741 million ($239 million) deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was called off yesterday.

"Will 1Malaysia Development Bhd (1MDB) now refund the deposit or will the Ministry of Finance (MoF) have to once again bail 1MDB out by forking out the RM741 million?" DAP national publicity secretary and Member of Parliament for Petaling Jaya Utara Tony Pua asked in a statement today.

Pua pointed out that MoF has to also independently service the RM2.4 billion proceeds raised from the Islamic bonds (sukuk) issued two years ago by 1MDB for the purposes of the Bandar Malaysia project in Sungai Besi here.

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