As a result, 1MDB added RM12 billion to their already heavy RM30 billion debt pile. Cashflow from the acquired businesses is insufficient to pay off the loans.
Solution: BN Government gives 1MDB a new 25-year IPP contract, even though it *wasn't the best or cheapest bid. A backdoor bailout. Who pays? The rakyat pays with higher electricity prices.
Hebat.