Following a reported collapse of the RM7.41 billion Bandar Malaysia deal, DAP lawmaker Tony Pua today questioned whether state investor 1MDB will have to refund RM741 million in deposits paid by the Johor-based Iskandar Waterfront Holdings (IWH) and China Railway Engineering Cooperation (CREC) consortium (IWH-CREC).

“There is now the all-important question as to who will refund the RM741 million deposit paid to 1MDB by the IWH Consortium.

“Will 1MDB now refund the deposit, or will MOF (Finance Ministry) have to once again bail out 1MDB by forking out the RM741 million as a result of the 1MDB real estate fiasco?” Pua asked said in a statement...